Coinbase Seeks Trademark for Term BUIDL as Crypto SaaS

Primary crypto trade Coinbase is looking for the trademark for the crypto-industry time period “BUIDL,” consistent with an software filed with the U.S. Patent and Trademark Administrative center (USPTO) on Oct. 2

The phrase is the intentional misspelling of “construct” and is comparable with the phrase “hodl,” the crypto group’s misspelling-turned-term that signifies keeping cryptocurrencies, as an alternative of marketing them. Within the crypto house, the “BUIDL” moniker refers to that specialize in construction merchandise so that you could give a boost to the , versus best keeping crypto property as an investor.

In keeping with the appliance report, the corporate seeks to trademark the mark “BUIDL” itself, which it clarifies “is composed of same old characters, with out declare to any explicit font taste, dimension, or colour.”

The mark’s identity within the submitting states that the time period pertains to tool as a carrier (SaaS) “that includes tool for transactions the use of digital forex.” In particular, “BUIDL” SaaS services and products would come with “tool for managing, purchasing, promoting, storing, transacting, exchanging, sending and receiving digital forex.”

This summer season, Cointelegraph reported that Coinbase had patented a proposed new approach for securing Bitcoin (BTC) bills.

In September, crypto buyers Cameron and Tyler Winklevoss’ company filed a patent with the USPTO for “securely storing virtual property.”

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