Nyan Cat Creator Labels Meme Coins a “Wild West,” Reports $700K in Fees, but Disavows Endorsements

Chris Torres, the artist behind the iconic Nyan Cat meme, has voiced strong criticism against the meme coin space, characterizing it as a lawless “Wild West.” In recent statements, Torres disclosed that he has received approximately $700,000 in fees connected to the use of his creation in these coins. However, he emphasized that he has never endorsed any of these currencies or related projects. Torres clarified that his character, Nyan Cat, which gained widespread global recognition, has been utilized without permission in a substantial number of meme coins, raising concerns about the risks faced by investors due to these volatile and unregulated digital assets. He added that he is currently taking steps to protect the intellectual property rights associated with his character and is working to prevent unauthorized use in meme coins or similar ventures. Torres also cautioned investors regarding the significant risks inherent in meme coin investments, stressing the importance of conducting thorough research and analysis before making any investment decisions.