TBD, a subsidiary of Jack Dorsey’s company, Block, has set out to trademark the Web5 name.
On the other side of the interest in cryptocurrencies in terms of investment and return, blockchain and Web3 initiatives continue at full speed. In this period when technology develops and new opportunities are created on a global scale, the development of the crypto industry also draws attention. Traditional systems have begun to integrate into blockchain and Web3. Initiatives, which also increase competition among institutions, also reveal different projects. Metaverse and to Earn movements attracted great attention on a global scale. Nowadays, Web5 has started to be talked about.
Jack Dorsey Focused on Web5 Technology
Concentrating on blockchain technologies, Jack Dorsey accelerated his work by founding the Block company. Dorsey, who has branched out to the Block company, also works hard for his Bitcoin-focused subsidiary TBD.
Dorsey, who put forward new ideas about Web technology, argued that Web3 technology was insufficient. Planning a more decentralized, reliable and privacy-focused system, Dorsey took a step for Web5.
A new take on the growing popularity of the new technology in the crypto industry. TBD announced that it intends to trademark the Web5 name in order to protect it. In the statement from the subsidiary, it was stated that there were studies that went against the established principles of the term Web5 recently.
The company stated that it will apply for a trademark to clear up confusion and ensure that the term is used as intended.
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