The heirs of the Lord of the Rings block cryptocurrency

AwareNovember 25, 2021, 09:29

Tolkien’s beneficiaries have banned a virtual currency called “JRR Token” that squinted too much towards the famous heroic fantasy saga.

The cryptocurrency’s motto referred to the ring of the saga: “One token to rule them all.”

New Line Productions

The designer of this cryptocurrency must have been a fan of “The Lord of the Rings”, or he intended to attract the large audience of the saga. Last August the site was launched, offering the purchase of virtual tokens under the slogan: “A token (Token) to rule them all”, an explicit reference to the ring of the evil Sauron, the great evil of The Literary trilogy The Lord of the Rings by JRR Tolkien.

Similarities that have not escaped the copyright holders of the writer who immediately seized the World Intellectual Property Organization (WIPO), writes the “Guardian”. They believed that the domain name was “specifically designed to mislead Internet users into believing that the site had a legitimate business connection” with Tolkien.

A “parody” according to the designer

The cryptocurrency developer, which is based in the United States, defended itself by saying that it wanted to refer to a unique form of digital currency rather than the novelist. And that his domain name was more of a parody. But the PMOI arbitration body did not listen to him that way. She does not see how the domain name is funny or parody and is not only chosen to take advantage of its similarity to the creator of “The Lord of the Rings”.

The letters JRR would also have meant, according to the creator of the cryptocurrency “Journey through risk to reward”, or “A journey through risk to reward.” But the PMOI doesn’t see what that means and says it doesn’t understand how a “trip” has anything to do with buying virtual tokens. As a result, Tolkien’s heirs have claimed the name of this domain, the developer no longer has the right to use such names for his cryptocurrency and must remove any related online content. Legal costs are at your expense.

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