While Tag Heuer, a brand of LVMH, offers NFT display on its watches since 2022, a company has filed a complaint against the group. The complaint in question mentions patent counterfeiting.
Watch Skins continues LVMH because of NFT display on Tag Heuer watches
In June 2022, the Swiss luxury watchmaker Tag Heuer presented a novelty on its connected watches, so that they could display the images associated with non-fungible tokens (NFT). Thus, the owner of a brand watch can associate his cryptocurrency portfolio to use this functionality.
While this option is now widespread on wallets and This LVMH subsidiary adopted it almost 3 years agoa company filed a complaint on Monday against the group for patent counterfeiting.
The accusation company is called Watch Skins Corporation, and it claims that it has been working on the NFT poster on watches since 2018. Among other things, the first patent application was filed on November 29, 2018.
After having established its argument, the company notably requires damages from LVMH, the payment of its lawyers of lawyers and The recognition that TAG Heuer's products affect his patents.
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For the time being, no trials are still on the agenda, and it is now up to the judge in charge of the file to decide on the continuation of events. If the patent counterfeiting is retained, the whole point will be to demonstrate how it was intentional or not. However, we can also wonder about the fact that Watch Skins took so long to react.
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Source: complaint
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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