• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Sony Freezes Aibo and Toro Memecoins on Soneium over IP Violations

user avatar

by Giorgi Kostiuk

6 months ago


Early Tuesday, Sony froze two popular memecoins, Aibo and Toro, leading to investor losses. The primary cause was the company's intellectual property violations.

IP Violations Lead to Freeze

According to Soneium, both memecoins were marked 'Forbidden' on Blockscout. Sony stated it implemented measures to protect intellectual property rights, as the memecoins used it without authorization. Aibo, named after robot dogs, reached a market value of $2.7 million, while Toro, referencing a cat mascot, traded up to $1.1 million. A Sony spokesperson said measures were put in place to safeguard creators' rights.

Sony's Unique Memecoin Strategy

Unlike other blockchains, such as Solana, which embraces memecoins even if they parody copyrighted content, Sony focuses on IP protection. Soneium demonstrates centralized nature by allowing the company to freeze any token at will, contrasting decentralized blockchains' anonymity.

Their attempt to block “unapproved” tokens spectacularly backfired in less than 24 hours after launch.f(gautham)

Memecoin Operations and Precautionary Measures

The unexpected freeze caused dissatisfaction among users, with some accusing Sony of 'rugging' investors. In the future, Sony plans to notify developers before freezing, allowing for necessary adjustments.

Sony's actions aim to protect creators' rights and fair profit distribution, though centralized approach raised criticism due to investor losses and unpredictable changes.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Arrest of Ketamelon: Major Drug Cartel Used Monero for Laundering

chest

Indian authorities arrested Edison, known as Ketamelon, in connection with a major dark web drug syndicate.

user avatarGiorgi Kostiuk

Olaxbt and Amber Group: Investments in AI Trading

chest

Olaxbt raises $3.38M from Amber Group for AI trading platform development, with no token launch implications announced.

user avatarGiorgi Kostiuk

Ethereum: Reliability and Stability for Institutions

chest

Vitalik Buterin highlights that Ethereum's reliability attracts institutional investors.

user avatarGiorgi Kostiuk

Overview of Most Popular Cryptocurrencies: BlockDAG, Toncoin, Hedera, and Litecoin

chest

This week, the focus is on cryptocurrencies with real applications and strong technologies. Overview of four key assets.

user avatarGiorgi Kostiuk

80,000 BTC Migration by Ancient Whale: What It Means for Bitcoin Market?

chest

The migration of 80,000 BTC by an ancient whale raises concerns, yet no signs of market selling pressure are observed.

user avatarGiorgi Kostiuk

Ethereum Forecast: Expectations of Reaching $6,000 by End of 2025

chest

Ethereum may reach $6,000 by the end of 2025 due to institutional investments and the expansion of DeFi.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.