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 display technology that was based on three patents that Watch Skins owned.
The TAG Heuer Connected Calibre E4 (pictured) was one of the watches Watch Skins claimed infringed on its patent. Source: TAG Heuer
LVMH is a multinational holding company that owns dozens of well-known luxury goods brands, including <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/louis-vuitton-embraces-web3-launches-its-iconic-trunk-as-a-digital-collectible" rel="null" target="null"