This year on August 6th, JRR tokens were released as a cryptocurrency project. But many confused them with Tolkien NFTs. In fact, the very next day, Tolkien Estate complained regarding the same.
JRR Token and rift about Tolkien NFTs
As it looked like, the JRR token took inspiration from Lord of the Rings and especially from tagine “one token that governs all of them”. That’s not all, the project made a website depicting rolling hills and Tolkien styled images of the wizard. Additionally, a promotional video of movie actors and hobbit was also put on the website.
The website assured financial items called “Tokenomics”. More details of the project, such as white papers and website particulars were also LOTR (Lord of the Rings) themed.
Besides, the project had one more site called “thetokenofpower.com”. However, the content of both mentioned sites looked similar. Surprisingly, none of the websites contained information about the tokens.
What was the dispute about?
Just after the launch of JRR tokens, the Tolkien Estate made a formal complaint to World Intellectual Property Organization (WIPO).
Basically, the Tolkien Estate is a legal body that manages the copyright for J. R. R. Tolkien works, who is the writer of the famous book series, “The Lord of the Rings.”
Talking about the complaint, Real Estate asserted that the project website, “jrrtoken.com” violated their trademark. In addition, they provided a detailed report on how the website breached copyright.
Although, the Token lawyer argued in his defence, and added that JRR tokens and JRR Tolkien should not be confused, as the “L” and “I” alphabets in “Tolkien” are non-existent. Also, that “the pronunciations for both letters are different”.
Not so surprisingly, WIPO was not convinced and labelled all arguments by JRR Tokens as “parody”. According to WIPO, the domain was a breach of copyright law. Clearly, Token’s social media accounts also fell under copyright law and Tolkien Estate is working on removing all their infringing content.
What about the NFTs?
Even after the legal battle, many JRR tokens are available as a collection at OpenSea. Interestingly, the tokens were uploaded on August 31st i.e. the day they responded to WIPO and then transferred to another account.
Currently, the NFTs continue to survive at OpenSea. Although, Tolkien Estate are still aware of them. Hence, anything could happen to Token NFTs since they can’t counter WIPO’s order.