NFTs News

MetaBirkins Maker Rothschild Blasts Hermes After NFT Trademark Decision

Key Points:

  • Mason Rothschild, the designer of MetaBirkins, was forthright in his response to the Manhattan federal jury’s finding that the NFT artist had infringed on the trademark rights of renowned French luxury label Hermès.
  • The NFT artist also suggested on Twitter that the luxury brand had come after him for his lack of a traditional artistic background.
Mason Rothschild, the designer of MetaBirkins, was forthright in his response to the Manhattan federal jury’s finding that the NFT artist had infringed on the trademark rights of renowned French luxury label Hermès.

“Take nine people off the street right now and ask them to tell you what art is, but the kicker is whatever they say will now become the undisputed truth,” Rothschild said in a lengthy Twitter post. “That’s what happened today. A multibillion-dollar luxury fashion house who says they ‘care’ about art and artists.” 

A nine-person jury decided on Wednesday that the MetaBirkins NFTs are not protected by the First Amendment or the freedom of speech, and they ordered Rothschild to pay Hermès $133,000 in damages for trademark infringement. The lawsuit might have a lasting effect on the non-fungible token market, where a lot of designers frequently steal pictures or iconography from well-known works of intellectual property.

The classic Birkin handbag, which has appeared in TV dramas like “Sex and the City,” was transformed into blockchain-enabled, digital versions by Rothschild. A unique bag can cost hundreds of thousands of dollars in its physical form. According to The New York Times, Rothschild calculated that he earned around $125,000 from the NFTs.

The NFT artist also suggested on Twitter that the luxury brand had come after him for his lack of a traditional artistic background.

“[They] feel they have the right to choose what art IS and who IS an artist,” Rothschild said. “Not because of what they create but because their CV doesn’t scream artist with a pedigree from a world class art school. That’s what happened today.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments

Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…

1 hour ago

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…

2 hours ago

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

2 hours ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

3 hours ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

5 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

5 hours ago

This website uses cookies.