Lord of the Rings creator JRR Tolkien’s estate has successfully blocked a cryptocurrency called JRR Token.
In the era of cryptocurrencies it is not that big of a surprise, that developers try to make everything into money. Just remember the scam in October, when developers created a Squig Game token. This also happened to to the great Lord of The Rings writer’s, J.R.R. Tolkiens estate. Lawyers representing the estate said the product, launched in August, infringed the author’s trademark, and even the created webpages and the token was taking intellectual property of the late writer, says BBC.
The estate filed a complaint with the World Intellectual Property Organization (WIPO), one day after tokens for the crypto-currency ($JRR) went on sale aiming to “organise the people towards a common goal of making JRR Token “The One Token That Rules Them All”. This slogan is very similar to the books quote, “one ring to rule them all”, the lawyers said. In addition they said that the domain jrrtoken.com, registered in February 2021, was “specifically designed to mislead” people into believing it had a legitimate commercial connection with the author.
There was no doubt the developer was aware of Tolkien’s works and had created a website “to trade off the fame of these works”, said WIPO. Therefore the US-based developer had to pay the estate’s legal costs, which the lawyers said were “significant”. Translated into 36 languages, The Hobbit and The Lord of the Rings have sold an estimated 100 million copies.