Ethereum Names Service has filed a petition with the United States Patent and Trademark Office (USPTO) regarding the trademark acquired by Unstoppable Domains.
like Ens
+4.54%
explained Social media platform “I asked for it to be maintained.”
UD, like ENS, manages domain names and wallet services. ENS claims that UD has patented “ENS’ pioneering technology that directly leverages open source innovation” and that ENS’ contributions are cited in the patent.
ENS said on social media: “We have given UD every opportunity to avoid this fight. UD has refused to open source its patents and its irrevocable promise not to use its patents to harm the community. .” he said. “This is a fight for the future of Web3 that we have not chosen but are fully committed to.”
The Ethereum Name Service offers an ERC-20 utility token called ENS. According to The Block’s token price page, it was trading at $14.98 as of 4:32 PM ET on May 2 and has experienced a 3.93% increase of $0.57 over the past day.
Unstoppable Domain Response
“The ENS prior art is cited on the first page of the patent along with several other works on blockchain domain systems, the patent has been reviewed by an examiner with that citation in place, the patent is valid and the patent application is very common in both web3 and the domain industry,” said X by Unstoppable Domains founder Matthew Gould.
“We have several other patents in progress or pending, and will continue to file patents to protect ourselves and the web3 domain industry. Verisign, 3DNS (which .box uses), Coinbase, and many others. “This is normal. As I’ve said several times before, we already proposed a non-assertion covenant a year ago and we believe this has been resolved,” Gould added, noting that the patent is presumed to be valid. .
In July 2022, Unstoppable Domains raised $65 million in a Series A round led by Pantera Capital, valuing the company at $1 billion, The Block previously reported.
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