Dogecoin Foundation Obtains EU Trademark Protection for Doge
Dogecoin is a project that regularly defies expectations. A typical business would start with a strategy and a clear statement of its goals. A conventional business would apply for trademark registration. A typical business would hire full-time workers. It would not be run by part-time semi-volunteers and it would not have a central location.
The Dogecoin Foundation returns after a 6-year sabbatical
Dogecoin, on the other hand, is something ordinary. To be honest, many parts of the cryptocurrency market are peculiar, but Dogecoin is unique even among cryptocurrencies. It was designed to be a joke and was never meant to last. It was pointless and had no business plan. He did not need to apply for trademark registration.
The Dogecoin Foundation, a non-profit organization dedicated to promoting the Dogecoin cryptocurrency, has acquired trademarks in the European Union for the term “Dogecoin”.
According to the company, he registered the trademark “Doge” and associated emblems to protect his brand and image. The Dogecoin Foundation, which was re-established in August 2021 after a six-year sabbatical, has battled copycats aiming to profit from the Dogecoin name and brand.
The organization was competing with half a dozen others to file a formal application with the US Patent and Trademark Office on the dogecoin brand name.
Even though it was developed as a joke in 2013, Dogecoin exploded in popularity last year, thanks to endorsements from Tesla Inc.
Billy Markus, the co-founder of Dogecoin, Vitalik Buterin, the co-founder of Ethereum, and Jared Birchall, Musk’s legal and financial adviser, are among the advisers on the board. Dogecoin has lost 4.9% in the past 24 hours, trading at $0.1257 at press time, and is down 27.2% this year. Dogecoin (DOGE) lead developer Ross Nicoll revealed last week that he would be leaving the project. Nicoll, who is also a trustee of the Dogecoin Foundation Advisory Board, admitted that juggling his Dogecoin job and a full-time job was difficult. Nicholas also addressed the difficulty of dealing with the Dogecoin branding issues, which have plagued the team for the past few months.