Crypto Organization COPA Launches Action to Block Blockchain "Patent Giant"
The Crypto Open Patent Alliance (COPA), a crypto advocacy organization, and Unified Patents, a patent-focused organization, have launched a campaign targeting "patent giants" in the blockchain and cryptocurrency space.
In a blog post on October 1st, COPA stated that the partnership initiated the "BlockchainZone" campaign, aiming to combat patents controlled by non-practicing entities (NPEs). These patents cover a range of technologies, including non-fungible tokens (NFTs), wallets, and smart contracts.
COPA explained that the collaboration seeks to protect blockchain companies and developers from "unreasonable and expensive" legal claims by patent trolls (NPEs). These entities often use the high cost of litigation to negotiate settlements.