J.R.R. Tolkien’s Estate and the World Intellectual Property Organization have put an end to the ‘Lord of the Rings’ crypto project.
J.R.R. Tolkien’s estate and the World Intellectual Property Organization have put a halt to a cryptocurrency project based on the “Lord of the Rings” (WIPO).
JRR Token is the cryptocurrency in question, which was introduced in August along with a website. After learning about the cryptocurrency initiative, J.R.R. Tolkien’s estate filed a complaint with the World Intellectual Property Organization, claiming that the website’s name infringed on the estate’s trademarks.
The lawyers for the developer stated that the word token should not be confused with the surname of the “Lord of the Rings” author. As a result, the lawyers claimed that the name did not violate any intellectual property rights.
Following WIPO’s decision in favor of the estate of the “Lord of the Rings” author, the estate was able to regain the website’s domain name as well as a commitment from the crypto project’s creator that JRR Token operations would be terminated and no illegal content would be utilized again.
The Crypto for the ‘Lord of the Rings’ has come to an end.
The J.R.R. Tolkien estate and WIPO have put a halt to a “Lord of the Rings”-themed cryptocurrency known as JRR Token. The cryptocurrency experiment began in August of this year.
The JRR Token cryptocurrency had “a website that included rings, hobbit tunnels, and a wizard with an eerie likeness to Gandalf,” according to a report by Ars Technica.
The estate of J.R.R. Tolkien, which owns the rights to the author’s works such as “The Lord of the Rings” and “The Hobbit,” learned of the cryptocurrency and filed a complaint with the World Intellectual Property Organization. The complaint “noted that the cryptocurrency’s website domain name infringed its trademarks,” according to the Ars Technica story. Lawyers for the cryptocurrency project’s developer stated that the term token should not be confused with the surname of the famous novelist, and so the website’s domain name did not infringe on any intellectual property.
The project’s creator had been “conscious of Tolkien’s works and developed a website to trade off the fame of these works,” according to WIPO, which eventually ruled in favor of J.R.R. Tolkien’s estate.
The estate of J.R.R. Tolkien has already retrieved the website’s domain name and got a pledge from the developer that all JRR Token operations, as well as the use of infringing content, will be stopped.
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