A ring made of gold.
Pbo photography.
The family and estate of author JRR Tolkien brought legal action against the creator of the digital token that was inspired by the "Lord of the Rings" trilogy.
Matthew Jensen created the "JRR token" in August of this year. The World Intellectual Property Organization received a complaint from the author's estate that the token's website included references to the writer's famous fantasy fiction series.
The complaint centered on the use of the domain name "www.jrrtoken.com". The case was decided in favor of the Tolkein's estate. Jensen must immediately cease trading and remove all content referring to the token from its website and social media accounts according to a press release from the Tolkein family's lawyers.
The token had 512 wallet addresses according to the BSC scans. There are nine non-fungible token for sale on the OpenSea marketplace.
Steve Maier, of Maier Blackburn Solicitors, said in the statement that the estate was pleased that the case had been concluded on satisfactory terms.
When contacted by Insider, Jensen was not available for comment.
The domain name was not identical to the Lord of the Rings creator, according to Jensen. There are two additional letters "L" and "I" that are conspicuously absent from the disputed domain name. He said that the pronunciation is different.
The website, account and channel of the JRR token have been deleted.
The demise of the Lord of the Rings-inspired token is unlikely because of the hundreds of new cryptocurrencies created daily. The doge coin spinoffs include the Floki inu token, named after the dog of Musk, and are not all harmless. The sudden rise of the Squid Game token, which took its name from the record-breaking Korean show, turned out to be fraudulent.
Business Insider has an original article.
