Hermes said that Mason Rothschild receives a 7.5 per cent royalty for all MetaBirkin sales. Read more at straitstimes.com.
MANHATTAN - French luxury house Hermes International has asked a Manhattan federal court to block artist Mason Rothschild from promoting or owning his “MetaBirkin” non-fungible tokens after a jury found they violate Hermes’ trademark rights in its famous Birkin bags.
Rothschild’s attorney Rhett Millsaps on Monday called the filing a “gross overreach by Hermes and an attempt to punish Mr. Rothschild because they don’t like his art.” He said theyRepresentatives for Hermes did not immediately respond to a request for comment Monday. The fashion house called Rothschild a “digital speculator” and the NFTs a “get rich quick” scheme, and said over US$1 million worth of the tokens had been traded in less than a month after they were introduced.
Hermes said in its Friday court filing that Rothschild receives a 7.5 per cent royalty for all MetaBirkin sales, and that he has continued to promote the NFTs on the MetaBirkins website and social media accounts since the verdict.
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