Fashion giant Hermes The luxury brand owner sued Mason Rothschild after he created a non-fungible token, or NFT, based on a popular wallet.

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Hermes says consumers will believe the product is associated with the official brand.

This key case is a precedent for other NFT experiments.

The jury awarded Hermes $133,000 (£110,000) in damages, rejecting Mr Rothschild's argument that his items, which he started selling in 2021, were works of art that commented on the luxury goods market and should be protected. by laws governing freedom of speech

Lawyers representing Mr Rothschild said it was a "bad day for the artist and the First Amendment".