Dfinity is suing Meta over the use of “its logo”

Share This Post

Dfinity Foundation, the developer of Internet Computer Protocol (ICP), has dragged Facebook’s parent company, Meta, to court over its use of the infinity symbol as its logo.

The lawsuit, filed in California, has Dfinity claiming that Meta uses the logo for the same reason it chose to register it.

Dfinity registered the logo before Meta

Dfinity registered the logo in 2018 at the United States Patent and Trademark Office for decentralized platforms and blockchain technology services. This is similar to Meta, which after rebranding from Facebook, revealed its Metaverse aspirations.

Dfinity, thus, claims that Meta is using the logo to attract the same set of users that it is targeting.

The non-profit foundation claimed that it has been using the logo since 2017, whereas Meta didn’t register it until March 2022. It also noted that it didn’t claim the color palette as a feature of the mark.

Therefore, it doesn’t matter that there are color variations between its logo and that of Meta. It claims that it has ownership rights on all variations of the logo.

Says Meta’s logo is harmful to its reputation

The details of the lawsuit first became public through Trademark attorney Josh Gorben, who posted it on Twitter. A part of the lawsuit states that Dfinity believes Meta’s logo use might harm its reputation.

“Dfinity would be severely harmed in its development of the Internet Computer and its ability to attract users if they were to associate Dfinity with Meta’s sordid online privacy history.”

Dfinity also claims that Meta was aware of its use of the mark and still proceeded with obtaining registration. 

“Meta chose to proceed with its application to obtain registration in some of the same or similar areas in which Dfinity has already obtained registration for its mark.”

Dfinity and Meta share logo with others

Furthermore, there are similarities between the areas where both entities sought registration. When defining “Good and Services,” Meta used the same description as Dfinity in its trademark application.

The foundation now wants the court to stop Meta from using the logo and wants to get damages for what it called “serious reputational harm.” 

It is hard to determine the chances of Dfinity winning the lawsuit as several brands, such as Infinity Speakers, Microsoft Visual Studio, Infinity Wealth Management, etc., also use the symbol for their logo.

Dfinity shot into the limelight after the collapse of its ICP token. ICP is currently trading for around $13, which is a steep decline in the asset’s value, selling as high as $700 as of May last year.

The post Dfinity is suing Meta over the use of “its logo” appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols

Constantine Zaitsev, CEO of DRPC, believes multichain solutions are a temporary fix and future advancements like modular blockchains hold promise for a more streamlined approach to blockchain

Ethereum Whales Bought $1 Billion ETH In The Past 96 Hours – Details

Ethereum has faced significant volatility over the past few days, with massive selling pressure emerging after the cryptocurrency failed to break above its yearly highs set earlier in December This

Solana Price Continues Downward Slide — Is A Rebound Possible At $180? 

Solana (SOL) was one of the large-cap assets affected by the recent market downturn triggered by the US Federal Reserve’s rate cut The Solana price succumbed to the bearish pressure and fell

Openseason Is a Thrilling Web3 Battle Royale

Regina steps into a world where in-game victories earn real-world rewards, in a game merging cutting-edge blockchain with classic battle royale fun Quick Recap from Fableborne Fableborne by Pixion

Bitcoin Supply Held By STH Hits Highest Level In 40 Months – Top Signal Or Trend Shift?

Bitcoin finds itself at a pivotal juncture as the market navigates uncertainty and growing doubt in the days ahead After reaching an all-time high (ATH), the price tumbled sharply to the $92,000

Bitcoin Cost Basis Distribution Reveals Strong Demand At $97K – Can BTC Hold?

Bitcoin has had a whirlwind few days, hitting an all-time high (ATH) last Tuesday before tumbling into a sharp 15% correction This period of heightened volatility has left investors divided, with