California-based Coinbase no longer claims a patent for the BUIDL trademark, it follows from the updated application status on the website of the United States Patent and Trademark Office.
As stated in the accompanying comment, the application was withdrawn at the request of the applicant. As follows from the document, it was withdrawn on December 14th.
The most obvious reason for the withdrawal of the application was the criticism that Coinbase underwent on social networks after it became aware of the company's plans to patent this term earlier this month.
The term “buidl”, popular in the cryptocurrency community, is derived from the word “build”. This word is formed by analogy with the term “hodl”, meaning long-term investment in digital assets. BUIDL implies the creation and development of new blockchain products, and not just storage of cryptoactive assets.
The application clarified that the term “BUIDL” refers to software using the SaaS model (software as a service), which provides the tools “for conducting transactions using virtual currency”.
Earlier, Ethereum founder Vitalik Buterin spoke at the Devcon4 conference in Prague, performing a humorous song about the hard way of the developer . Her refrain talked about the need for BUIDL and the fact that the blockchain is a new kind of world order, and developers should work and not engage in ICO.
Download the BlockchainJournal app for Android!
BlockchainJournal.news
