A picture from jrrtoken.com. All the similarities to Lord of the Rings were just coincidences.
The estate of J.R.R. Tolkien, the author of The Lord of the Rings, has defeated a coin that was called The One token that rules them all.
The JRR token launched in August with a website that featured rings, holes, and a wizard with an resemblance to Gandalf.
The rights to J.R.R. Tolkien's The Lord of the Rings and The Hobbit were handled by the Tolkien estate, which immediately lodged a complaint with the World Intellectual Property Organization.
It noted that the website domain name was not in line with its trademarks. Peter Jackson directed a trilogy of films based on the novels of J.R.R.
The lawyers for Matthew Jensen, the Florida-based developer of JRR token, said that the term token was a generic one and should not be confused with the name of the author.
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The decision concluded that the developer was aware of the works and created a website to trade off their fame.
The developer of the JRRToken.com domain name agreed to stop all operations under the name and to remove any content that was not theirs.
The J.R.R. estate was vigilant about preventing unauthorized parties from taking advantage of it, according to Steven Maier.
In the past the estate has sued companies for using the author's name and works, but this is the first time it has taken action against acryptocurrencies.
Johnson Dalal, the US law firm representing Jensen, has not responded to a call for comment.
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