Luxury fashion giant LVMH sued over NFT patent tech for watches

Luxury fashion giant LVMH sued over NFT patent tech for watches

From cointelegraph.com

A company selling smartwatch face designs through non-fungible tokens has sued LVMH, accusing the luxury fashion conglomerate of patent infringement. In a March 10 complaint filed to a Texas federal court, Watch Skins Corporation alleged that LVMH misappropriated its “pioneering NFT display technology.” Watch Skins claimed it developed a unique system that allows users to display verified NFT artworks on smartwatches and holds multiple patents related to the technology. It claimed that a smartwatch from the LVMH-owned watch brand TAG Heuer and other products from the conglomerate’s brands unlawfully used NFT ... (full story)

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