Rapper Tyga is being sued for breach of contract on the NFT project
An NFT company has filed a lawsuit against rapper Tyga regarding his breach of contract on a project.
Reportedly, the topper went on a half-million chance, where he would create a custom set of digital art offerings around his image and likeness.
According to Yahoo! Entertainment, Kreation Technologies says the rapper bailed out of the deal and stopped the $500,000 bet. Tyga received a signing bonus of $100,000.
Evidence that Tyga was at one point involved can be seen in the press release that was sent out on 16 June 2022.
It read in part, “‘Ten Thousand TYGA’ is the superstar’s latest foray into the NFT space and his first into the world of modern CryptoArt with partners Kreation.”
“As the digital memories trend explodes,” it continued. “TYGA creates a special NFT collection for his fans, inspired by the iconic tombs of ancient pharaohs with a techno-futuristic vibe.”
This announcement came days before he released a controversial video with YG for their new song, “Run,” which also featured Bia and 21 Savage. AllHipHop.com reported that the video featured YG and Tyga in White Chicks-style wigs and makeup, dancing to the track while sitting in a bright red Porsche.
The lawsuit says the “Too Many” artist was to “facilitate the design, creation, production, marketing, sale and distribution of NFTs in exchange for the use and incorporation of TYGA’s name, image, likeness, music and artwork.”
He was to do three “drops”. One of the drops would have had 10,000 unique NFTs. Another will contain 75 unique NFTs. The final straw is an exclusive NFT creation for one mega buyer only.
The auction was due to start on 17 June at Mafic Eden at 5pm (BST).
Thus, the artist’s participation was said to be “critical to the success” of the project.
The complaint also said they needed Tyga to “leverage his status and public following to support and gain exposure” to help sell the NFTs to fans when they dropped.
Tyga’s breach is directly related to him not posting about the project on social media, specifically Instagram and Twitter, not doing interviews with the press, and not appearing in various Twitter Space conversations and Reddit “Ask Me Anything” forums.
Kreations says Tyga did nothing to promote the art on the day of the drops, and failed to “materially participate in the promotion and marketing of the project.”
Tyga has not responded to the lawsuit.
