Hermès Awaits Court Order For Its NFTs

Luxury brand Hermes is waiting for the court's final decision to stop the sale of NFT.
 Hermès Awaits Court Order For Its NFTs
READING NOW Hermès Awaits Court Order For Its NFTs

Luxury brand Hermes is waiting for the court’s final decision to stop the sale of NFT.

Fashion brand Hermès is awaiting the court’s decision to stop digital artist Mason Rothschild from promoting NFTs based on Hermes’ famous Birkin bags.

Hermès Awaits Court Order for MetaBirkin NFTs

Luxury fashion brand Hermès is seeking a federal court to block sales of NFTs based on the popular Birkin bag, according to Reuters.

Last month, a New York jury ruled that digital artist Mason Rothschild infringed on Hermès’ intellectual property by promoting and selling “MetaBirkin” NFTs based on Birkin bags. Rothschild was ordered to pay 133,000 dollars in compensation.

He said that in Hermès’ file reached by Reuters, Rothschild claimed that he continued to promote NFTs despite the decision. The fashion company wants the federal court to intervene and order Rothschild to not only stop selling digital assets, but also hand over the NFTs he still owns to Hermès.

The court’s decision in favor of Hermès in February was held to set an important and potentially precedent, as it questioned whether NFTs were art or commodities.

Comments
Leave a Comment

Details
106 read
okunma61287
0 comments