A cryptocurrency named after Lord of the Rings creator JRR Tolkien has been blocked by the household and property of the famed sequence’ creator who died in 1973. A panel from the Geneva-based World Mental Property Organisation (WIPO) dominated that the area title JRRToken [dot] com, arrange earlier this August by Matthew Jensen, a developer from Florida, was “confusingly similar” to the trademark owned by the Tolkien property. The WIPO has since stopped the developer working below that title, and obtained its enterprise to delete any infringing on-line content material.
As per Law360, the US-based developer paid the property’s authorized prices for an undisclosed sum. The Tolkien property has recovered the JRRToken [dot] com area title, in addition to social media accounts related to the coin.
As talked about, the JRR Token was launched again in August with the ominous tagline: “The One Token That Rules Them All.” The coin’s creator, a Florida man named Matthew Jensen, even splurged on an advert of types that includes actor Billy Boyd, who performed Pippin within the Lord of the Rings trilogy and said within the ultimately deleted clip, “Do I think they’re going to the moon? There and back again.”
As soon as the Tolkien property grew to become conscious of this token the response was swift. The property took motion by turning to the WIPO’s arbitration process, arguing that the token infringed on trademark rights to Tolkien’s title. The submitting goes on to assert that the token’s area title was “specifically designed to mislead internet users into believing that it and the website to which it resolves have some legitimate commercial connection” with Tolkien and his work.
Finally, the executive panel concluded that the selection of title was intentional as there was no means that the creators weren’t “aware of Tolkien’s works” and that they’d “created a website to trade off the fame of these works.”
Steven Maier, the solicitor for the Tolkien property, stated, “The Tolkien estate is vigilant in preventing unauthorised parties from taking advantage of the JRR Tolkien name and the content of JRR Tolkien’s literary works. This was a particularly flagrant case of infringement and the estate is pleased that it has been concluded on satisfactory terms.”
JRR Tolkien’s internationally-recognised literary works, together with The Hobbit and The Lord of the Rings, have been translated into 36 languages and have offered an estimated 100 million copies worldwide.