J.R.R. Tolkien estate to ‘JRR Token’ cryptocurrency: You shall not pass

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No one just launched a “Lord of the Rings”-themed cryptocurrency…

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The assets of JRR Tolkien have blocked a crypto called “JRR Token” It debuted last August, taking its name from the late English fantasy writer.

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“JRR Token” also referred to the author’s iconic fantasy trilogy “The Lord of the Rings”—which inspired Peter Jackson’s film trilogy, which grossed $2.991 billion at the box office—following the tagline, “The Lord of the Rings.” One Token That Rules Them All” on its website. This referred to the “One Ring” that ruled the other magical “Rings of Power” in the story’s mythology.

Once the Tolkien estate became aware of this token, however, the response was basically “You shall not pass”—to borrow one of the magician Gandalf’s most iconic lines from “The Fellowship of the Ring” book and film. for.

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The estate took action by turning to World Intellectual Property Organization arbitration process, the Guardian reported, arguing that the token infringed upon the trademark rights of Tolkien’s name. In addition, the filing claimed that the token’s domain name was “specifically designed to mislead Internet users into believing that it and the website from which it deals with Tolkien and his beloved books.” have some legitimate business relationship”.

The US-based “JRR Token” developer responded that it was actually referring to “a unique form of digital currency”, not the legendary fantasy author. And it claimed that if the name “JRR Token” just happened to bring to mind JRR Tolkien, it was a parody, not a copyright infringement. According to a WIPO summary, the developer said, “JRR” stands for “Journey Through Risk to Reward”.

But The Guardian reported that WIPO’s arbitrator ruled in favor of the Tolkien estate, writing, “The defendant does not specify why the disputed domain name is humorous, witty or nail-biting, and was chosen not only because of its similarity.” A domain name is .ns [Tolkien estate’s] trademark to take commercial advantage of its development.” It also called it “a particularly prominent case of infringement”.

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Tolkien estate has recovered JRRToken.com domain name, and barred the developer from operating under that name. Token’s Twitter account also appears to have been taken down. And the “JRR Token” developer reportedly paid the legal costs of the Tolkien estate in the US and UK

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