Only one Shiba will remain – Although the Dogecoin (DOGE) always be firmly backed by whimsical billionaire Elon Muskthe multiplication of clones starts to annoy memecoin to the “original” Shiba dog. It must be said that its main competitor (and copier), shiba inus (SHIB), has managed to rise to the level of DOGE in terms of valuation total. This undoubtedly contributed to the trademark registration in the European Union.
No more crypto-jokes for Dogecoin
Billy Markus is the main co-creator of Dogecoin with Jackson Palmer. When they launch this blockchain network in December 2013the two creators readily admit that this is a “crypto joke”, with a Shiba dog as a friendly mascot. But, casually, more than 8 years later, Dogecoin has not only survivedbut he was able to find a community which led him again recently to the Top 10 of the most valuable cryptos (November 2021).
Coming back to Billy Markus, the latter has (rather paradoxically) heavily criticized memecoins. According to him, modern clones would not respect the original spirit of the DOGE, who wanted to be satiricaland are instead of cash machines for their creators. Not even to mention the pure scams (scams) who ride this trend.
It was enough for the Dogecoin Foundation react, and proudly announce on Twitter that she had recorded the words ” Doge », « Dogecoin » as well as their logos associated as his trademark in the European Union:
” Big success. It’s a small victory that seems insignificant given everything that’s going on in the world right now, but it’s still an important step. »
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Bad actors who will now be prosecuted
As the Dogecoin Foundation specifies in a second tweet, this trademark registration has been made for cut the grass underfoot to malicious actors, who sought to deposit these elements to recover, for their benefit, the brand image of Dogecoin.
A point also confirmed by the member of the Board of the Foundation Jens Wiechers. He actually wanted reassure a fan from the memecoin to the iconic Shiba who wondered if it would still be possible to produce and publish countless memes inspired by Dogecoin. Jens Wiechers therefore confirmed by the positive :
” Yes. The problem is not (and never was) the use in memes and the like [du Doge]but attempts to register [de marque] by people totally unfamiliar with Dogecoin. Which only really makes sense if they then want to directly extort the Dogecoin community or project, developers, Foundation, etc. »
Although it may seem surprising given its origins humorousso Dogecoin now has a brand image to defend. It must be said that the memecoin now brews hundreds of millions of dollars daily in the cryptocurrency market. And its next availability (and already in test) on the crypto wallet of the very popular broker Robinhood still risk ofincrease liquidity and exchanges of Dogecoin.
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