TheDefiant - Here's a weird NFT Timebomb development we could use your help with - A bizarre use of NFTs which is jeopardizing blockchain and crypto...
I am fighting for a patent-free & open-source code in blockchain, crypto, & fintech. My company is one of 15 U.S. companies targeted with a weird and unexpected use for NFTs.... an NFT-Patent litigation in a box scheme (see opensea.io link below). More recently, the landscape has become more complicated with a Robinhood Markets matter too. These lawyers are auctioning granted and active US patents in an NFT wrapper encouraging anyone with tradeable crypto to tangle with our most important fintech companies - that "anyone" includes disruptive foreign Chinese or Russian actors.
In the wrong hands, a rogue core patent could cost our industry 100s of $billions in value disruption. We understood that Square-Dorsey-COPA were looking into this matter...however, we are now uncertain.
My institution(s) are treating the #797 NFT patent as a no-go-zone / 3rd rail because (i) we don't know the actual trading/dealing price and bidding on the NFT could signal perceived exposure, and (ii) we have at least 1 patent in a vulnerable appeals process, and somehow management thinks attention to this matter jeopardizes a successful appeal at the USPTO.
This NFT is essentially selling a litigation package (!) that is targeted at our blockchain software company(even though we operate to avoid any "legal" US corporate nexus). Fourteen other companies are implicated in this NFT - many U.S. We believe that 15 companies makes this NFT auction a public policy matter.
Patents don't belong in our industry, and we're trying to raise media awareness.
Unfortunately our resources are limited and our U.S. securities law expertise is very limited, so we believe your coverage would shine a light on this unhelpful NFT development.
The NFT claims "unlockable content" (attached), and using an intermediary, we were able to secure a number of documents including patent “charts” which appear to lift materials from our marketing and technical materials.There's lots of background, "charts", and tables that we are unfamiliar with.
TheDefiant - Here's a weird NFT Timebomb development we could use your help with - A bizarre use of NFTs which is jeopardizing blockchain and crypto...
I am fighting for a patent-free & open-source code in blockchain, crypto, & fintech. My company is one of 15 U.S. companies targeted with a weird and unexpected use for NFTs.... an NFT-Patent litigation in a box scheme (see opensea.io link below). More recently, the landscape has become more complicated with a Robinhood Markets matter too. These lawyers are auctioning granted and active US patents in an NFT wrapper encouraging anyone with tradeable crypto to tangle with our most important fintech companies - that "anyone" includes disruptive foreign Chinese or Russian actors.
In the wrong hands, a rogue core patent could cost our industry 100s of $billions in value disruption. We understood that Square-Dorsey-COPA were looking into this matter...however, we are now uncertain.
My institution(s) are treating the #797 NFT patent as a no-go-zone / 3rd rail because (i) we don't know the actual trading/dealing price and bidding on the NFT could signal perceived exposure, and (ii) we have at least 1 patent in a vulnerable appeals process, and somehow management thinks attention to this matter jeopardizes a successful appeal at the USPTO.
This NFT is essentially selling a litigation package (!) that is targeted at our blockchain software company(even though we operate to avoid any "legal" US corporate nexus). Fourteen other companies are implicated in this NFT - many U.S. We believe that 15 companies makes this NFT auction a public policy matter.
Patents don't belong in our industry, and we're trying to raise media awareness.
Unfortunately our resources are limited and our U.S. securities law expertise is very limited, so we believe your coverage would shine a light on this unhelpful NFT development.
The blockhain/defi auction is here:
https://opensea.io/assets/us-number-10025797
The NFT claims "unlockable content" (attached), and using an intermediary, we were able to secure a number of documents including patent “charts” which appear to lift materials from our marketing and technical materials.There's lots of background, "charts", and tables that we are unfamiliar with.
Best,
Dan