After several days of deliberation, the nine-person jury in the trial between French luxury brand Hèrmes and non-fungible token (NFT) artist Mason Rothschild reached a verdict on Feb. 8, 2023.
Hermès has won the lawsuit against Rothschild's Metabirkins NFT collection. The jury awarded $133,000 in damages to Hermès.
The case sets an important precedent for NFT creators and builds the framework for intellectual property (IP) law as it relates to digital creations. Down the line, creators like Rothschild might be more careful creating NFTs with other brands' IP to avoid future trademark lawsuits.
All Comments