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Report: Dogecoin Foundation is now fighting for Dogecoin Trademark

Several foundations are in the middle of a battle to claim the Dogecoin Trademark. Dogecoin Foundation, the creator of Dogecoin, which remained defunct for several years, has now filed for a Trademark claim in August 2021.

By Sudip Saha | Published 23 Sep 2021 23:38 IST
HIGHLIGHTS
  • Several institutions are in the middle of a battle to claim the Dogecoin Trademark.

  • Dogecoin Foundation has now filed an official claim for Dogecoin Trademark.

  • Original creators of the cryptocurrency are worried about “trademark trolling”.

Report: Dogecoin Foundation is now fighting for Dogecoin Trademark
Report: Dogecoin Foundation is now fighting for Dogecoin Trademark

Dogecoin is in the middle of a Trademark fight

Dogecoin (CRYPTO: DOGE) is a dog-themed cryptocurrency released on December 6, 2013, as a joke, is now in the centre of a trademark war between several institutions, according to a report by The Wall Street Journal.

Dogecoin is in the middle of a Trademark fight

Dogecoin Foundation, a Colorado non-profit organisation co-founded by Billy Markus and Jackson Palmer, has now filed an official claim with the US Patent and Trademark Office. The report adds that there are a dozen other applications filed at the Trademark office, who, too, are in the race to claim the exclusive rights of the Dogecoin brand. The Colorado-based non-profit organisation was formed in 2014, but they did not file an official claim with the Trademark Office until late August 2021.

Dogecoin Trademark fight - How did it begin?

The Dogecoin foundation had been defunct for several years and was re-established in August 2021. In these years, the foundation did not file a claim for the trademark, even though many institutions were copying its name and had filed a claim for its trademark. One such organization is Moon Rabbit AngoZaibatsu LLC.  

Dogecoin Trademark fight - How did it begin?

According to WIPO, “A trademark is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises. Trademarks are protected by intellectual property rights.”

The Impact of Dogecoin Trademark fight

The Trademark fight shows that Dogecoin is getting a lot of attention from several institutions. Though the cryptocurrency was created as a joke on the crypto world, it would not be considered as a joke anymore, as a dozen of institutions have applied for its trademark at the US Trademark office. 

Billy Markus, the co-creator of Dogecoin and one of the board members of Dogecoin Foundation, told Benzinga that the foundation was worried about “trademark trolling.” Trademark trolling is the practice of registering a trademark without intending to use it. “anything new trying to claim the trademark of Dogecoin is doing so in bad faith,” Markus told the publication.

In 2021, dogecoin received massive support from Tesla (NASDAQ: TSLA) and SpaceX CEO Elon Musk and has become the fifth most traded cryptocurrency. In August 2021, Dogecoin had the fourth-largest 30-day trading volume of all cryptocurrencies. As of September 21, Dogecoin is the ninth-largest cryptocurrency with a market capitalisation of $ 27.73 billion (₹ 20.41 lakh crore) and Doge tokens traded at 21 cents (₹ 15.46).

Sudip Saha
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About Me: a.k.a. Sudipp Saaha. He is a Computer Science Engineer. He started blogging on 4th August '10 and became an author in '19. He also likes to track stock markets using astrology. Read More

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Dogecoin Dogecoin crypto Dogecoin trading Dogecoin Foundation Dogecoin Trademark DOGE Elon Musk Crypto Crypto coin cryptocurrency Britcoin
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