A cryptocurrency named after The Lord of the Rings author JRR Tolkien was passed away in 1973 by the family and fortune of the popular series author. A panel from the World Intellectual Property Organization World Trade Organization (WIPO) based in Geneva has ruled that the JRRToken . domain name [dot] com, which was set up earlier this August by Matthew Jensen, a developer from Florida, is “confusingly similar” to a trademark owned by Tolkien real estate. WIPO has since shut down the developer under that name and pledged to remove any infringing online content.
Follow Law360, the US-based developer paid the property’s legal costs for an undisclosed amount. The Tolkien Land has restored JRRToken [dot] com domains, as well as social media accounts associated with the coin.
As mentioned, the JRR Token was launched in August with the ominous tagline: “One Token That Regulates All.” The coin’s creator, a Florida man named Matthew Jensen, has even advertised the kind of commercials featuring actor Billy Boyd, who played Pippin in the Lord of the Rings trilogy and claims. in the clip that was eventually deleted, “Do I think they’ll moon? There and back again.”
After the Tolkien family learned about this token, the reaction was swift. The estate acted by turning to WIPO arbitration, arguing that the token infringed the trademark rights to Tolkien’s name. The filing further asserts that the token’s domain name is “specifically designed to mislead internet users into believing that it and the website it deals with have some legitimate commercial connection” to Tolkien and the company. his job.
In the end, the board concluded that the choice of the name was intentional because there was no way the creators were “unknown to Tolkien’s works” and that they “created a website at the expense of their reputation.” of these works.”
Steven Maier, attorney for the Tolkien estate, said, “The Tolkien Estate is vigilant in preventing unauthorized parties from taking advantage of the JRR Tolkien name and the content of JRR Tolkien’s literary works. This is a case of violation. The offense was particularly serious and the property is glad it ended on satisfactory terms.”
JRR Tolkien’s internationally recognized literary works, including Hobbits and Lord of the Rings, has been translated into 36 languages and has sold an estimated 100 million copies worldwide.
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