French luxury fashion brand Hermès triumphed in court on Wednesday over the NFT creator of a collection of virtual handbags that it said violated the trademark of their signature Birkin bag.
The case is a first of its kind in deciding how NFTs, or non-fungible tokens, are subject to intellectual property law. A nine-person jury in New York decided to that the NFT collection was not protected under the First Amendment, and awarded Hermes $133,000 in total damages, Bloomberg Law reported.
