DigiART is suing artist Danny Casale, the creator of Coolman’s Universe, for repeatedly violating a collaboration contract. According to DigiART, he gave DigiART the exclusive right to promote and sell NFTs. Casale, on the other hand, claims that he never signed an agreement with the company.
According to the alleged contract, in addition to giving DigiART these rights, Casale agreed to split the profits evenly. If this is indeed the truth, Casale owes DigiART millions of dollars.
The agreement, allegedly signed by the two parties in May 2021, expires in May 2022. According to the complaint, Casale enlisted the help of DigiART and digital art dealer Marcel Katz to drive his art sales. The public relations efforts included Casale debuting at Miami Art Week. In fact, at Miami Art Week, Katz organized a pop-up show called Ur Special Coffee in a bagel shop in Miami, selling paper cups of coffee with hand-drawn pieces from Casale for $1,000.
Meanwhile, Casale began marketing and offering Coolman’s Universe NFTs, without DigiART’s permission and knowledge. According to the complaint, the Coolman Universe collection generated $3.6m via primary sales and a secondary trading volume of over $50 million on OpenSea. The collection now has a floor price of 1.299 ETH and a trading value of approximately 20,800 ETH.
Danny Casale claims these statements are untrue and that an agreement was never reached. Moreover, Casale’s spokesperson claims the lawsuit is “completely meritless.” Time will tell whether this lawsuit will have any impact on the future of the highly-successful Coolman’s Universe.
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