Hunt Town Co Accuses Bicasso of Stealing Idea Proposed on BNB Chain Hacker Matsushita

On March 30, it was reported that Hunt Town Co founded a lawsuit accusing Bicasso of stealing the idea it proposed on BNB Chain Hacker Matsushita (i.e., the Chatcasso project). Binance insists that similarity does not mean stealing ideas. A spokesperson for Binance said that despite the similarities, after conducting an internal review, we believe that Bicasso was independently designed and developed two weeks before the BNB Hacker Marathon. In addition, Binance and BNB Chain are operated separately, and the Binance development team does not participate in the BNB Chain Hacker Marathon. The inspiration for the name Bicasso comes from the OpenAI tool Dall-E, which refers to the artist Salvador Dali.

Binance spokesperson responded to the plagiarism query: Bicasso did not plagiarize the Chatcasso project

In late March, crypto enthusiasts were hit with the news that Hunt Town Co has filed a lawsuit against Bicasso, claiming that the latter had stolen their idea presented during the BNB Chain Hacker Matsushita event. The idea in question was the Chatcasso project, which is a platform aimed at artists to showcase their digital artwork and communicate with their fans through chat messengers.

The Lawsuit

Hunt Town Co emerged as the winner of the second prize at the BNB Chain Hacker Matsushita event, where they presented the innovative Chatcasso project. They claim that Bicasso stole their idea and presented a similar project called Bicasso. As a result, Hunt Town has filed this lawsuit, seeking damages from Bicasso to compensate for the profits they have lost due to Bicasso stealing their idea.

Binance’s Response

On the other hand, Binance, the parent company of BNB Chain, has denied the allegations of stealing intellectual property. A spokesperson for Binance stated that they had conducted an internal review, and Bicasso was independently designed and developed two weeks before the BNB Hacker Marathon. Binance also defended itself by saying that the BNB Chain and Binance are two separate entities, and the Binance team doesn’t participate in the BNB Chain Hacker Marathon.

The Inspiration Behind Bicasso

According to Binance’s spokesperson, the inspiration for the name Bicasso came from OpenAI’s tool, Dall-E, which refers to the famous artist Salvador Dali. Bicasso’s tagline, “Creating art with blockchain,” highlights the firm’s vision to combine art with blockchain technology. By doing so, Bicasso hopes to create a unique platform for artists to showcase and monetize their digital art.

The Differences Between Chatcasso and Bicasso

Although the two projects have similarities, there are several differences between Chatcasso and Bicasso. For example, Chatcasso is a platform that allows digital artists to upload and sell their artwork through chat messengers, while Bicasso is an all-in-one solution for artists to showcase their artwork, sell NFTs, and conduct auctions. Moreover, unlike Chatcasso, Bicasso also allows artists to create their own digital art assets.

The Implications of the Lawsuit

The lawsuit between Hunt Town Co and Bicasso raises several important questions, especially regarding the protection of intellectual property in the open-source era. The case will likely set a precedent for how companies in the cryptocurrency and blockchain industries can protect their ideas from being stolen.

Conclusion

The Chatcasso and Bicasso project controversy highlights the importance of protecting intellectual property in the rapidly evolving crypto industry. While the outcome of the lawsuit remains uncertain, it will be interesting to see how it will shape the future of intellectual property protection in the blockchain and cryptocurrency space.

FAQs

Q: What is the Chatcasso project?
A: The Chatcasso project is a platform aimed at artists to showcase their digital artwork and communicate with their fans through chat messengers.
Q: What is Bicasso?
A: Bicasso is an all-in-one solution for artists to showcase their artwork, sell NFTs, and conduct auctions on the blockchain.
Q: What is the inspiration behind Bicasso’s name?
A: According to Binance’s spokesperson, the inspiration for the name Bicasso came from OpenAI’s tool, Dall-E, which refers to the famous artist Salvador Dali.