DeFi Education Fund Fights Back Against Patent Troll
Last week, the DeFi Education Fund (DEF) took action by filing a petition with the U.S. Patent and Trademark Office in response to a lawsuit by True Return Systems LLC against MakerDAO and Compound Protocol. True Return claims that these decentralized autonomous organizations (DAOs) infringed on their 2018 patent, which threatens open-source innovation in the crypto world.
The Patent in Question
True Return owns a patent granted in 2018 for an innovation that transfers off-chain data through oracles. However, DEF argues that the patent is not novel, citing a Nasdaq patent filed over a year before True Return’s application.
Legal Tug-of-War and the Implications
The decentralized nature of the defendants, DAOs, complicates the situation. True Return sought a default judgment since no one appeared in court to defend MakerDAO and Compound Protocol. MakerDAO and Compound Labs have enlisted legal services to intervene in the case and DEF has initiated an Inter Partes Review process to demonstrate that prior art invalidates the True Return patent.
Hot Take: DEF’s Fight Against Patent Trolling
The DeFi Education Fund is taking a stand against patent trolling to protect the cryptocurrency industry’s commitment to open-source software development. DEF hopes to challenge True Return Systems and set a precedent that deters future infringement claims against decentralized entities. This legal battle has significant implications for innovation in the cryptocurrency realm.
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