Binance Live – We live everyday, dont forget follow us Click Here

Hermès asked the court to manage MetaBirkin’s NFT

Hermès asked the court to manage MetaBirkin’s NFT

French luxury house Hermès International has asked a New York court to stop non-fungible token (NFT) developer Mason Rothschild from selling or promoting his MetaBirkin NFT following a landmark jury trial last month. go. Hermes filed a lawsuit against Rothschild in January 2022, alleging that the Los Angeles-based developer stole its intellectual property to create a collection of 100 Non-Fungible Tokens (NFT) based on Birkin bags with the house logo. After a lengthy legal case, a nine-member jury ruled in favor of Hermès last month, awarding the brand $133,000 in damages. On Friday, Hermes asked Judge Jed S.

Rakoff of the United States District Court, Southern District of New York (SDNY) to permanently prohibit Rothschild from selling, promoting or distributing NFTs that use the brand’s Birkin trademark. The fashion house also asked Rothschild to hand over control of all Metabirkin NFTs in the crypto wallet selected by Hèrmes, and it transfers control of the MetaBirkins smart contract, MetaBirkins domain name and MetaBirkins social media identity to Hèrmes.

The label has also asked Rothschild to hand over royalties from MetaBirkins work. Hermes says that Rothschild still gets 7.5% of the creator of NFT LooksRare market.

According to data from Etherscan, the last sale of MetaBirkin NFT took place in November 2022 for 1.2 wrapped ether (about $ 1,555), while the last transfer of MetaBirkin NFT between wallets took place in December 2022. Rothschild’s attorney, Rhett Millsaps, called the filing “an act of harassment on the part of Hermes in an attempt to punish Mr. Rothschild for his lack of interest in his art.” He told CoinDesk that he and his team will file a counterclaim on Friday.

Disclaimer : Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. cryptoizresearch.com is not responsible for profits and losses arising from investment decisions.

Related News