Neiro NEIRO/USD Meme Coin IP Battle Rages As Fartcoin FARTCOIN/USD—An AI-Inspired Meme Token—Surges To A Market Cap Of $763.9M

The meme coin space is facing a mix of IP disputes and speculative frenzy as community-driven projects like Neiro NEIRO/USD tokens clash over legitimacy

A decentralized autonomous organization (DAO) that claims to own the original meme IP for Dogecoin (CRYPTO: DOGE) has announced that it has acquired the rights to use the likeness of Neiro, the shiba inu adopted after the passing of Kabosu, the iconic face of the Doge meme.

Own The Doge DAO is now hosting a community discussion to determine which NEIRO-themed token can officially use the dog's image, as multiple tokens on Solana (CRYPTO: SOL) and Ethereum (CRYPTO: ETH) have staked claims.

“The community can decide which NEIRO token will get to officially use Neiro's likeness,” the DAO stated in a recent Tweet.

The announcement comes after a wave of NEIRO tokens emerged following Neiro's adoption, with two projects even reaching hundreds of millions in market capitalization.

However, Kabosumama, Neiro's owner, has made it clear that she does not endorse any of these tokens.

"I do not endorse any crypto project except @ownthedog $DOG because they own the original Doge photo and IP," she stated on X.

This battle over Neiro's image reflects a larger trend in the meme coin world: projects are starting to grapple with intellectual property rights.

Already, we've seen legal issues surface with PNUT, which faced trademark action over its mascot. Now, similar risks loom over NEIRO tokens unless consensus and clarity emerge.

While disputes continue over Doge's spiritual successor, another token—Fartcoin (CRYPTO: FARTCOIN)—is stealing the spotlight.

The Solana-based project recently hit a market cap of $763.9 million, thanks to viral hype stemming from a Reddit post.

A user shared that her husband invested $175,000 in Fartcoin, humorously justifying his decision with the phrase, "hot air rises."

The story quickly spread across platforms like Twitter, where discussions ranged from amusement to skepticism.

Some users questioned the token's valuation, while others, like Jacob King, pointed out its size: "BREAKING: Fartcoin’s market cap has now surged to $643 million, making it larger than 85% of U.S. publicly traded companies."

Fartcoin itself has unconventional roots.

It was conceptualized by Terminal of Truths, an AI agent funded by a $50,000 Bitcoin (CRYPTO: BTC) grant from Marc Andreessen. Development took place in a collaborative AI space called Infinite Backrooms.

The token was initially designed to serve as an experimental funding tool for creative projects like film production and reforestation. But now, it has become a vehicle for speculative trading.