CryptoKitties developer Axiom Zen said a lawsuit over its celebrity products involving basketball player Steph Curry "Falsely accuses" it of theft, VentureBeat reports May 25.
In a statement quoted by the publication, Tradestar, a California-based developer which allegedly planned to partner with Axiom on Curry's CryptoKitties, said it and Axiom had signed a non-disclosure agreement in February.
When Axiom announced its own product, dubbed 'CurryKitties,' earlier this month, it constituted a violation of the agreement.
Tradestar is now suing for trade secret misappropriation, CEO Jevon Feinblatt confirmed in an email.
The episode spells trouble for CryptoKitties, which launched in December 2017 and racked up sales worth $12 mln the same month.
In March, Axiom gained another $12 mln in funding from prominent venture partners including Andreessen Horowitz and Union Square Ventures.
"We have been falsely accused of breaching an NDA and believe the lawsuit has no merit," an Axiom spokesperson said about the proceedings.
"Axiom Zen is a company that is committed to ethical and responsible work, including ownership and protection of data."
At the same time, doubts over Curry's actual participation in the CurryKitties has now led to their withdrawal.
"The CurryKitties are taking a cat nap. We have reason to believe Steph wasn't as involved in the CurryKitties as we thought. Until we're sure he's an active participant, we're suspending the campaign."
Celebrity-Themed CryptoKitties Take a 'Cat Nap' Amid NDA Lawsuit
Published on May 25, 2018
by Cointele | Published on Coinage
Coinage
Recent News
View All
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.