After a rough start to their working relationship, the Nala Cat brand and current team behind Solana meme coin Shark Cat (SC) Following a contentious dispute that spilled out onto Twitter, the owner of famed social media feline Nala announced last week that she has reached a deal with the team behind Shark Cat—which originally used photos of the cat to promote its token.The Shark Cat team confirmed that they made a deal with the Nala Cat brand, and acquired a license to use the IP for the meme coin. But after all of the When the debacle first began, Nala’s pseudonymous owner Pookie had attempted to negotiate a deal with a community-led Shark Cat team after she discovered they’d used Nala’s likeness for their meme coin.Things quickly went south. The Nala Cat team didn’t feel like they were presented fair offers, given that their IP—which is used for a line of cat food, plus other products—was repeatedly used to promote a coin valued at a peak market cap of $390 million in late March. The Shark Cat team, meanwhile, felt like Pookie’s request for a sizable chunk of the token supply was not feasible. It didn’t appear that either side was willing to budge on their positions.After There’s been some bad back and forth these last few weeks, and we’d like to apologize on behalf of the community for any foul behavior. This deal is a major milestone on the swim to $1B+, can’t express how big this is.Fins up Shark is a Mf Cat https://t.co/E39vzvEy3B— Shark Cat (@SharkCatSolana) May 2, 2024Pookie told She was approached by Brandon Sample, a crypto-focused lawyer who read about what was going on and offered to take on her case “While ‘Code is law’ is a popular mantra in the industry, there are actual laws and frameworks on how to operate when it comes to things like intellectual property,” said Sample.The exact details of the agreement between the two parties are being kept private. The only information Nala’s legal team shared with Pookie and Sample both stressed that there was no bad blood between the two teams, that they wish the Shark Cat community the best of luck, and that they hope they find success in their endeavors. When reached for comment, a liaison from the Shark Cat community responded, “We swim together now. Shark is a mf cat .”Shark Cat’s price has rebounded substantially amid the alliance, with the price rising 208% over the past week to a current price around $0.15 per token, according to Edited by Andrew Hayward
