A cryptocurrency named after the Lord of the Rings author JRR Tolkien has been blocked by the family and estate of the author of the famous series, who died in 1973. A panel of the Geneva World Intellectual Property Organization (WIPO) decided that the domain name JRRToken [dot] com, founded in early August by Florida developer Matthew Jensen, was “confusingly similar” to the Tolkien estate brand. WIPO has now hired the developer under this name and has undertaken to delete all infringing online content.
Under Law360, the US property developer paid legal fees for the property for an undisclosed sum. The Tolkien Estate has recovered the JRRToken [dot] com domain names as well as social media accounts associated with the coin.
As already mentioned, the JRR token was launched in August with the ominous slogan “The One Token That Rules All”. The coin’s creator, a Florida man named Matthew Jensen, even flaunted some sort of ad featuring actor Billy Boyd, who played Pippin in the Lord of the Rings trilogy and who said in the clip that was eventually deleted, “I think she did will do? the moon? there and back again. “
When the Tolkien Estate heard of this sign, the response was quick. The estate took action by turning to WIPO arbitration, arguing that the token violated the trademark rights to Tolkien’s name. The filing further claims that the token’s domain name was “specifically designed to mislead internet users that it and the website it is resolved to have a legitimate commercial association with Tolkien and his work.”
Ultimately, the governing body concluded that the name choice was deliberate, as by no means did the creators “unfamiliar with Tolkien’s works” and “created a website to trade in the fame of those works”.
Steven Maier, Attorney for the Tolkien Estate, said: “The Tolkien Estate is vigilant to prevent unauthorized persons from exploiting the JRR Tolkien name and the contents of JRR Tolkien’s literary works. This was a particularly blatant case of injury and the estate is pleased that it was completed on satisfactory terms. “
JRR Tolkien’s internationally recognized literary works, including The Hobbit and The Lord of the Rings, have been translated into 36 languages and sold an estimated 100 million copies worldwide.
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Shomik is the senior editor at Gadgets 360. As someone who has explored the consumer tech space for the past four years, his focus is now on the crypto verse. When he’s not converting currency values in his head, you might find him in an intense five-player soccer game or the newest Destiny 2 Weekly Challenge on his Xbox. You can reach him for tips or questions at ShomikB@ndtv.com. More Micromax will launch new smartphones in India in mid-December, Tipster says