Hermès Wins Trademark Lawsuit Against NFT Artist

After several days of deliberation, the nine-person jury in the copyright infringement trial between Hèrmes and non-fungible token (NFT) artist Mason Rothschild ruled Wednesday in favor of the French luxury brand.

The Hermès lawsuit involved Rothschild’s MetaBirkins NFT collection. The jury awarded $133,000 in damages to Hermès, determining that Rothschild did, in fact, profit off Hermès’ goodwill by producing NFTs based on the design house’s Birkin bags.

The jury also decided the NFTs were not protected under the First Amendment of the U.S. Constitution, as Rothschild’s lawyers had argued during the trial.

Read the source article at finance.yahoo.com