The Coinbase BUIDL Movement Stops Before It Begins As The Crypto Company Drops Trademark Bid
Coinbase Has Gone Ahead To Drop The Bid To Trademark BUIDL
Due to the critical response that Coinbase has received from social media it is no longer seeking to go ahead and trademark the term BUIDL.
As it was confirmed by the Patent and Trademark Office that is based in the US, the exchange went ahead to abandon the trademark application that they had filled for use in the cheeky crypto misspelling that was done on December 14, the request was expedited and later approved on December 17th.
The move just came shortly after the CTO of Coinbase, Balaji Srinivasan, had gone ahead to issue a mea culpa that was following the coverage done on the Oct. 2 trademark application that had been filled early this month.
With the Term BUIDL, which is a little in contrast to the popular term HODL, is a clear suggestion that the building of real-world use cases is also as valuable as hoarding the crypto assets in the market.
CoinDesk initially noted this term back in April 2015 after a talk by Srinivasan, back when he was the chairman of the 21 Inc., a platform that has later rebranded itself as Earn.com, from this the Coinbase platform has declined to give any further comments.