According to Law360, Jensen has paid legal costs to the estate. In addition, Tolkien Estate has acquired the domain name as well as the social media accounts associated with the crypto token. JRR Token was launched in August. To promote this, Jensen also created an advertisement related to Lord of the Rings actor Billy Boyd.
However, after getting information about this crypto token, the Tolkien estate took action against it. For this an appeal was made in WIPO. The estate argued that the token was infringing on the trademark rights associated with Tolkien’s name. Along with this, it was claimed that the domain name of this crypto token is giving false information to internet users about their association with Tolkien and his work.
WIPO’s administrative panel said in its decision that the name was chosen deliberately because it could not be assumed that its creators were not aware of Tolkien’s popularity and his work. The aim of the creators was to use the popularity of their work to their advantage.
Tolkien Estate Solicitor Steven Maier said the Tolkien Estate is vigilant to prevent those taking advantage of JRR Tolkien’s name and the contents of his literary works without permission. It was a clear case of violation and the estate is happy that it has been able to stop it.
Peter Jackson was the director of the film Lord of the Rings, based on Tolkien’s novel. The film was well received and received many awards.
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