Jack Dorsey’s TBD looking for a copyright or trademark on the “Web5” term.
Web5 signals the next stage in the development of the internet.
Jack Dorsey has been engaged in a label project called ‘Web5’, since resigning from his position as CEO of Twitter in November 2021. As TBD, the bitcoin-focused subsidiary of Dorsey’s Block is seeking to trademark the word “Web5” to avoid confusion regarding the term’s meaning and prevent unauthorized usage of the label.
According to a TBD, which has revealed intentions to build a new decentralized web based on the broadest blockchain network, believes that the label ‘Web5’ is being misused for products and services diametrically, which is opposite to their fundamentals.
Also, TBD Tweeted on Tuesday that;
We have therefore decided to seek protection for “Web5,” which will allow us to prevent confusion about the meaning of “Web5” and ensure that the term is used as intended – to refer to a truly open, decentralized lay
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