NFT Image of Pepe the Frog’s Butt Cause $500K Lawsuit
A man paid more than $500K in an auction for an NFT image of Pepe the Frog showing its butt. Only one NFT image auctioned, 500 cards issued, 400 burned, and 99 to remain in the PegzDAO. Later on, PegzDAO distributed 46 of those 99 remaining NFT images for free. Matt Furie, the creator of Pepe the Frog, decided to hold an NFT auction last year. Specifically, he planned to sell an image of the delicate internet meme cartoon frog bathing in a pool, with its buttcrack peeping over. Furie established a Decentralized Autonomous Organisation (DAO) called PegzDAO. On October
