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Luxury fashion giant LVMH sued over NFT patent tech for watches

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 14 Views

A blockchain firm that makes NFT skins for watches is suing TAG Heuer for alleged patent infringement.

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.

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