Cryptocurrency Named After ‘The Lord of the Rings’ Deemed a Trademark Violation

This file photo originally released by New Line Productions shows actors (L-R) Dominic Monaghan as Merry, Elijah Wood as Frodo, Billy Boyd as Pippin, and Sean Astin as Sam in a scene from "The Lord of the Rings: Fellowship of the Ring." New Line Productions, Pierre Vinet/AP Photo

A cryptocurrency named after “The Lord of the Rings” trilogy was successfully blocked by the estate of author J.R.R. Tolkien on Tuesday after judges deemed it a trademark violation.

The coin, called “JRR Token,” was set up by Florida-based developer Matthew Jensen and launched in August 2021.