[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]
The Nfts Birkin case began last January. A trial opened in New York opposing the famous leather goods company Hermès to Mason Rothschild, a recognized NFT artist. We thought the story was over with a decision condemning the artist. But it is not finished…
Last month, Mason Rothschild was ordered by a federal court in Manhattan, New York, to pay $133,000 in damages to Hermès. He also had to stop selling his NTFs creations, which were exact reproductions of the Birkin model of the leather goods brand. The trial was supposed to be closed, but now…
A news comes to reopen this file! Indeed, the developer of the Metabirkin NFT collection would not have stopped the marketing of tokens (tokens) incriminated. According to Reuters, Hermes has asked a court to issue an injunction to block these sales. The luxury group also wants to get its hands on the revenue from the sale of the tokens and take control of the smart contract that governs the collection.
According to Emmanuelle Hoffman, a lawyer specializing in intellectual property, the company will ask the judge “to enjoin a significant penalty payment.” It is important that the commercialization of this collection of NFTs stops, because “there is too much financial risk to continue,” she adds.
“Mason Rothschild has continued to promote NFTs despite the recent ruling. We hope that the federal court will intervene and force Rothschild to not only stop selling the digital assets, but also to transfer the NFTs it still owns to Hermes,” the group said in its complaint.
Reopening the trial?
However, things are expected to get slightly more complicated as the artist’s lawyer has indicated that he is considering opposing the luxury brand’s request. This could lead to the reopening of the trial.
Still according to Hoffman, Hermes will ask once again for damages, a transfer of royalties and the permanent blocking of the sale, promotion and distribution of the collection Metabirkin.
If the luxury house does not take this story, nor this decision lightly, it is primarily because it plans to launch itself in NFTs, like many brands. Its lawyers said that if the MetaBirkin NFTs collection remained on the market, it could cause confusion for buyers and visitors.
This case is a turning point in the NFTs industry. As with this controversial collection, other NFT artists have also copied products from major brands, borrowing intellectual property from other entities.
Observers are once again asking: What will be the final decision of the trial? With a more general question on which it will have an influence: what is the future of luxury and the NFT market?
Read also >Hermès trial: towards a jurisprudence on NFTs?
Featured photo : ©Hyatt[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
The Nfts Birkin case began last January. A trial opened in New York opposing the famous leather goods company Hermès to Mason Rothschild, a recognized NFT artist. We thought the story was over with a decision condemning the artist. But it is not finished…
Last month, Mason Rothschild was ordered by a federal court in Manhattan, New York, to pay $133,000 in damages to Hermès. He also had to stop selling his NTFs creations, which were exact reproductions of the Birkin model of the leather goods brand. The trial was supposed to be closed, but now…
A news comes to reopen this file! Indeed, the developer of the Metabirkin NFT collection would not have stopped the marketing of tokens (tokens) incriminated. According to Reuters, Hermes has asked a court to issue an injunction to block these sales. The luxury group also wants to get its hands on the revenue from the sale of the tokens and take control of the smart contract that governs the collection.
According to Emmanuelle Hoffman, a lawyer specializing in intellectual property, the company will ask the judge “to enjoin a significant penalty payment.” It is important that the commercialization of this collection of NFTs stops, because “there is too much financial risk to continue,” she adds.
“Mason Rothschild has continued to promote NFTs despite the recent ruling. We hope that the federal court will intervene and force Rothschild to not only stop selling the digital assets, but also to transfer the NFTs it still owns to Hermes,” the group said in its complaint.
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.[/vc_cta][vc_column_text]Featured photo : © Hyatt[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]
The Nfts Birkin case began last January. A trial opened in New York opposing the famous leather goods company Hermès to Mason Rothschild, a recognized NFT artist. We thought the story was over with a decision condemning the artist. But it is not finished…
Last month, Mason Rothschild was ordered by a federal court in Manhattan, New York, to pay $133,000 in damages to Hermès. He also had to stop selling his NTFs creations, which were exact reproductions of the Birkin model of the leather goods brand. The trial was supposed to be closed, but now…
A news comes to reopen this file! Indeed, the developer of the Metabirkin NFT collection would not have stopped the marketing of tokens (tokens) incriminated. According to Reuters, Hermes has asked a court to issue an injunction to block these sales. The luxury group also wants to get its hands on the revenue from the sale of the tokens and take control of the smart contract that governs the collection.
According to Emmanuelle Hoffman, a lawyer specializing in intellectual property, the company will ask the judge “to enjoin a significant penalty payment.” It is important that the commercialization of this collection of NFTs stops, because “there is too much financial risk to continue,” she adds.
“Mason Rothschild has continued to promote NFTs despite the recent ruling. We hope that the federal court will intervene and force Rothschild to not only stop selling the digital assets, but also to transfer the NFTs it still owns to Hermes,” the group said in its complaint.
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.[/vc_cta][vc_column_text]Featured photo : © Hyatt[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]
