Mark Zuckerberg’s Meta company has been sued by Dfinity, behind DeFi altcoin project ICP, for finding a logo so similar that it could cause confusion. Here are the details…
Dfinity sued Meta
Dfinity, a nonprofit that developed the Internet Computer protocol, claimed that the company used a logo that looked very similar to itself to lure customers into its new centralized system in California. He sued Meta Platforms in . According to Dfinity, the company’s trademark is represented by an “infinity symbol” that was registered with the United States Patent and Trademark Office on October 9, 2018. Dfinity’s case is based on international classifications.
Dfinity received trademark registration to provide Blockchain technology services and decentralized platforms. Additionally, Dfinity stated that the color palette “is not claimed to be a property of the brand and therefore Dfinity’s property encompasses the range of colours.” Dfinity highlights that its logo has been used on the website since March 2017, while Meta (formerly Facebook) registered its logo in March 2022. According to Dfinity, Meta is aware of the similarity to its trademark. Still, Meta claims that its design is merely a “geometric design consisting of two loops,” so it chose to continue with its implementations to achieve a similar operating record to Dfinity.
DeFi altcoin price has risen
Similar business areas have highlighted services such as computer hardware, software and software design and development, hosting others’ software applications, hosting digital content on the Internet. As a result, Dfinity sued Meta, claiming that they had already obtained the trademark registration to provide the services Meta wanted to provide. Their statement includes the following statements:
Similarities between Meta’s brand and Dfinity’s brand and Meta’s intent to use their brand in the same space and through the same customer base as Dfinity, consumers mistakenly believe that Meta and its services are linked to sponsorship It will cause confusion, as they will believe what he is doing.
Meanwhile, Dfinity’s Internet computer (ICP) is changing hands at $13.28, up 3 percent. Cryptocurrency had risen from $12.36 to $13.4 with the news.
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