Hermès may be the definitive victor in the NFT dispute, but the case leaves questions over how to handle infringing digital assets and smart contracts, says Muireann Bolger.
In one of the first major NFT-related trademark infringement cases to go to trial, a New York federal jury found that a digital artist's "MetaBirkins" NFTs infringed Hermès' trademarks.
In recent years, non-fungible tokens ("NFTs") have grown rapidly as a new form of digital asset. Whilst they have been widely popularised in the art world, NFTs have also been.
In one of the first intellectual property cases involving non-fungible tokens (NFTs), a federal jury found that the sale of "MetaBirkin" NFTs violated Hermès International SA's ("Hermès'").