When I thought about this post, my first idea of a title was " Win Some, Lose Some". But after making a mental draft about what I was about to write, I realized there's nothing to lose after all.
@fjworld shared a very interesting announcement in his latest post. Apparently, the company having a very similar name with our Hive blockchain - and which tried to send a cease and desist letter to us to stop using the same name as they had - seems to finally cave in. According to their announcement from yesterday, "Hive Blockchain Technologies Ltd." will be rebranded as "HIVE Digital Technologies Ltd.".
Although I haven't done much research into this company, the rebranding makes sense logically too. While our Hive is a blockchain, the company with the same name is a crypto mining company that only used the "blockchain" term in their name as a buzz word.
Regardless of their explanations or reasons, this is a win for Hive, which has one less competitor for branding. Thank you, future Hive Digital Technologies Ltd. for coming to your senses!
The other thing everyone has talked about these days is the launch of Threads by Meta.
Of course, we on Leofinance, are thinking about the effects this move will have on our own Threads, which predates Zuckerberg's platform.
The interesting fact is there might be such a name (with a trademark) used even before our Threads, which is where Zuckerberg might get into some hassle.
I don't know if or how this ended, but a startup sued Meta for stealing their name, mostly looking for some some financial compensation.
As for Leofinance and our Threads, even though we might be pissed that Zuckerberg blatantly stole it and seems to have done it before, legally things might be different, and the important thing is to return his favor and piggy back his new platform as much as possible using the fact they are identical names. This needs to be smart though or the window will close very quickly.
That's where I believe our second win can come from. If there is at least one identical trademark older than we have used it, legally I believe it's the only one that can challenge Meta on the choice of their name. It's true, I am not a lawyer, but it seems logical.