New Wacoinda Trademark Patent Delayed, Due to Extensions Filed By Marvel Characters
A new cryptocurrency startup has created a playful moniker for their new platform, but the patents are still pending right now. The startup, which filed to use “Wacoinda” as their name, applied for a trademark at the U.S. Patent and Trademark Office to use the name. However, Marvel Characters, a subsidiary of Marvel, has applied for an extension on the decision on whether this violates or adversely impacts their brand. They are also deciding on whether they oppose the Wakanda Wine Fest.
Wacoinda’s application was only filed last week, and their goal is to establish both financial and educational services, based on cryptocurrencies. Though the goal is to empower the black community economically and financially, it will be up to Marvel’s subsidiary if this effort is in vain. Marvel Characters initiated the request to extend the decision only a week ago, giving them until November 14th to decide if they are against the approval of the Wacoinda trademark. However, even though Marvel Characters pushed for that extension, it does not indicate that the patent office will decide to deny it. So far, the group has not commented on the case since the extension.
The Black Panther film, along with the rest of the Marvel franchise, has been the inspiration for several other cryptocurrency projects, due to the widespread acceptance of the title superhero. Akon, a popular singer, announced his work on a new cryptocurrency called the Akoin, which would support his intentions to create a “real life Wakanda.” This project would be built upon the 2,000-acre land that Akon received as a token of appreciation from the president of Senegal, and it is already in the middle of production.