Tolkien estate kills the JRR Token

Crypto developer Matthew Jensen was forced to close his JRR Token business as part of a settlement with the estate of “Lord of the Rings” author J.R.R. Tolkein. The estate’s lawyer, Steve Maier, described the case as a “particularly flagrant case of infringement,” adding that the estate is “pleased that it has been concluded on satisfactory terms.”

This is interesting because (in this case) there was someone to sue: a centralized authority named Matthew Jensen, who is a person with a physical address and a known identity. How would this lawsuit have been brought against a DAO or a fully decentralized Web3 site? With no central authority, there would have been no one to sue. How will intellectual property laws adapt? What role will the World Intellectual Property Organization (WIPO) play in a decentralized IP world?

Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, writes a weekly column for Adweek, and is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and he hosts the Shelly Palmer #CryptoWednesday Livestream. Follow @shellypalmer or visit shellypalmer.com.

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