The Lord of the Rings-themed ‘J.R.R. Token’ is a 1973 remake of the popular movie franchise by J.R.R. After legal proceedings from Tolkien’s family, he was faced with a situation of arrest.
JRR Token Has Been Stopped
On November 23, Law360 was announced by Tolkien Estate with Florida-based developer Matthew Jensen, who released it in August this year JRR Token‘i have been informed that I have reached an agreement on it. According to BSCSCAN, BEP-20 tokenit is held at 510 addresses with a market supply of only 19 trillion.
According to the agreement, Jensen agreed to close the token and sell the property to J.R.R. he promised to delete all content that violates the trademark rights on it. In addition, Jensen agreed to pay the asset’s undisclosed legal costs.
In addition, JRR Token’s Twitter account, YouTube channel and website have october been closed. Steve Maier, the entity’s lawyer, called the case a “particularly egregious case of infringement” and added that he was “pleased that the situation has been concluded on satisfactory terms.”
Details About the Decision
The moves come after the family filed a complaint with the World Intellectual Property Organization (WIPO) on August 10‘jrrtoken.com ’ it came almost immediately after the website successfully revealed the domain name. This is the case of Billy Boyd, the actor who plays Pippin in the movies, in a 40-second YouTube camera video on August 4 the tokenit happened only four days after he approved the .
At the time, WIPO ruled that Jensen had registered and used the domain name “in bad faith.” The disputed domain name was registered on February 26, 2021. After the decision, Jensen decided to change the domain name ‘thetokenofpower.com ’ he changed it to. However, according to Tolkien’s Estate, the new website still featured pictures of rings, Hobbit holls and a wizard who looked strikingly similar to Gandalf.
Jensen’s lawyers, controversial ‘JRR Token‘ it states that the domain name is not “identical or confusingly similar” to ‘JRR Tolkien’, the trademark of the Tolkien estate, because it does not contain the october letters ‘L’ and ‘I’, and they are also pronounced differently.