TPCi wins injunction against releasing Pokémon-related NFTs

An Australian court has granted a motion by the Pokémon Company International (TPCi) to stop KOTIOTA Studio from releasing Pokémon-themed NFTs.

KOTIOTA Studio, based in Parramatta, a suburb of Sydney, is positioning itself as the company that created Pokémon, according to court documents.. Her management sent many letters to news outlets, arguing that KOTIOTA Studio should be considered the developer of Pokémon.. KOTIOTA announced that it is developing the Pokémon Violet and Pokémon Scarlet games and is also working on issuing non-fungible tokens (NFTs) associated with the Pokémon franchise.

TPCi has filed an Australian federal court order to ban KOTIOTA from issuing any collectible tokens that look like Pokemon characters.. In their testimony, TPCi spoke about the origin and development of the brand, stating that the company made the decision to abandon the idea of launching NFT despite the growing popularity of digital collectibles.

TPCi states that related companies The Pokémon Company, Nintendo of America, Inc, Nintendo Co. Ltd will suffer significant damage if the defendants release the games and NFTs they are currently working on.. The court granted TPCi's claim, finding the company's claims reasonable.

Some in the NFT industry believe that a shortage of Pokémon will be contrary to the developers' vision.. However, other NFT proponents are confident that “Pokemon”-themed tokens can outperform even the “bored monkeys” from the Bored Ape Yacht Club (BAYC) collection.

Minecraft developers also do not support the use of blockchain and NFT in games, believing that speculation with tokens will distract users from the gameplay.. In November, GTA developer Rockstar Games also spoke out against introducing collectible tokens into their products.