Connect with us

Hi, what are you looking for?

ICO

Digital Commerce Chamber supports Hermés in groundbreaking “MetaBirkins” lawsuit

Chamber of Digital Commerce Supports Hermès in MetaBirkins Case

On February 9, the Chamber of Digital Commerce (CDC) filed an amicus curiae brief in support of French design house Hermès in the MetaBirkins case. This case has significant implications for how trademarks are applied to digital assets in the Metaverse and beyond.

Implications for the Digital Economy

The CDC’s amicus curiae brief emphasizes that the outcome of this case will set a precedent for the entire digital economy. It aims to ensure that trademarks, which are synonymous with trust and quality in the physical world, carry the same weight in the digital realm.

Federal Jury Rules in Favor of Hermès

A federal jury in Manhattan recently ruled in favor of Hermès in the case against artist Mason Rothschild. The jury found Rothschild guilty of cybersquatting, brand dilution, and violating the fashion house’s “Birkin” trademark. As a result, Rothschild has been ordered to pay $133,000 to Hermès and an additional $23,000 for damages caused by cybersquatting.

Rothschild’s Response

Despite the ruling, Rothschild has expressed his intention to continue fighting the verdict. He maintains that his creations, known as “MetaBirkins,” are works of art and not attempts to sell counterfeit Birkin bags.

Comparison to Andy Warhol’s Artistry

Rothschild had initially likened his work to Andy Warhol’s iconic art, particularly the portrayal of branded images. However, the CDC’s brief challenges this comparison, emphasizing that Hermès’ established brand identity and the unique features attached to digital goods contribute to their value.

The CDC argues that digital goods offered by companies like Hermès deserve the same trademark protection as physical goods sold in the real world. It suggests that the identification features attached to these digital goods allow them to be bought and sold online in a manner similar to physical products.

At present, it is uncertain whether Rothschild will file an appeal against the verdict.

Ian Bennett
Written By

Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Información básica sobre protección de datos Ver más

  • Responsable: Masha Media News.
  • Finalidad:  Moderar los comentarios.
  • Legitimación:  Por consentimiento del interesado.
  • Destinatarios y encargados de tratamiento:  No se ceden o comunican datos a terceros para prestar este servicio. El Titular ha contratado los servicios de alojamiento web a Banahosting que actúa como encargado de tratamiento.
  • Derechos: Acceder, rectificar y suprimir los datos.
  • Información Adicional: Puede consultar la información detallada en la Política de Privacidad.

Last 24 Hs

Name Price24H (%)
Bitcoin(BTC)
$104,003.00
-2.54%
Ethereum(ETH)
$3,257.76
-2.31%
XRP(XRP)
$3.18
-0.24%
Tether(USDT)
$1.00
-0.04%
Solana(SOL)
$264.34
3.64%
BNB(BNB)
$697.18
0.55%
Dogecoin(DOGE)
$0.359411
-5.16%
USDC(USDC)
$1.00
0.01%
Cardano(ADA)
$0.99
-1.89%
Lido Staked Ether(STETH)
$3,252.74
-1.85%

Trending

You May Also Like

DeFi

📰 Table Of Contents1 Layer N Welcomes Luc Froehlich to Advisory Board1.1 Protocol’s Innovative Approach2 Layer N Unveils Nord Roll-up Testnet2.1 Nord Roll-up Features3...

Bitcoin

📰 Table Of Contents1 Argentinian Regulators and El Salvador Discuss Bitcoin Adoption1.1 Exploring Possible Cooperation Agreements1.2 Learning from El Salvador’s Bitcoin Experience1.3 Strengthening Ties...

Blockchain

📰 Table Of Contents1 Ledger Stax Hardware Wallet Shipping Update2 Design Challenges and Delay2.1 Enhanced User Experience3 Ledger Stax Pricing and Security Features3.1 Production...

Bitcoin

📰 Table Of Contents1 Biden’s Decision on SEC’s Crypto Regulations Nears1.1 Overview of the Situation1.2 Potential Outcomes of Presidential Action1.3 Implications for Bitcoin and...

DeFi

📰 Table Of Contents1 Pseudonymous Developer Confesses to Stealing Funds from Cypher Protocol1.1 Hoak’s Confession and Fund Theft1.2 Transfer of Funds to Binance1.3 Impact...

Blockchain

📰 Table Of Contents1 Binance France Ownership Restructuring1.1 Reasons for Ownership Change1.2 New Shareholders1.3 Yulong Yan1.4 Lihua He1.5 Global Restructuring Project1.6 Regulatory Challenges and...

Ethereum

📰 Table Of Contents1 Fake Crypto Airdrops Targeting Investors1.1 Crypto Scam Victim’s Experience1.2 Airdrop Scams and Their Tactics1.3 Preventative Measures for Investors1.4 Importance of...

Blockchain

📰 Table Of Contents1 Interview with Jon Trask, CEO of Dimitra: Revolutionizing Agriculture with Blockchain and AI1.1 Revolutionizing Agriculture Across Africa and the Globe1.2...

Copyright © 2024 CRYPTOWIRE.TOP. All rights reserved. This website provides educational content, emphasizing that investing involves risks. Ensure you conduct thorough research before investing and be ready for any potential losses. For those over 18 and interested in gambling: Online gambling laws differ across countries; adhere to your local regulations. By using this site, you agree to our terms, including the presence of affiliate links that do not impact our evaluations. Cryptocurrency offers on this site are not in line with UK financial promotion regulations and are not aimed at UK consumers.