The JRR token has been shut down by the estate of JRR Tolkien, in what may be the hardest block of the most entertaining pun we have ever heard.
The World Intellectual Property Organization received a complaint from the estate of the famed "Lord of the Rings" author one day after the sale of the cryptocurrencies. The lawyers took issue with the US-based startup's use of the phrase "organize the people towards a common goal of making JRR token 'The One token that Rules Them All'."
Let this be a warning to every coin enthusiast out there who is going to create a coin that will be meme-worthy: Before you get smashed by a trademark suit, do a quick copyright search.
There is a drama about a demon.
The websites selling the currency, jrr token.com and thetokenofpower.com, featured images of Bilbo and Gandalf. The latter is still up, but it has removed all of its content.
Steven Maier, a lawyer for the estate, told the BBC that the estate has a duty to protect the name and contents of the author. The case was particularly egregious, as it sought to gain a financial benefit by attaching thecryptocurrencies with the JRR Tolkien name and literary works.
Fan behavior.
Maybe we can sympathize with the fans of the Lord of the Rings who want to have their own token. This isn't going to the moon.
There is no magic that can save the creators from Mount Doom.
Are you interested in supporting clean energy adoption? UnderstandSolar.com can show you how much money you could save by using solar power. Futurism.com may receive a small commission if you sign up through this link.
