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Anndy Lian: Integration with off-chain oracles to verify trademarks
Anndy Lian has proposed a new verification structure for tickers that involve both basic and verified tiers.
In the basic tier, tickers are available on a first-come, first-served basis provided they are not trademarked.
In the verified tier, an integration with off-chain oracles like Chainlink will facilitate trademark checks via APIs from institutions like the USPTO and EUIPO. This approach prioritizes projects linked with well-established brands, offering them priority claims. This novel method aims to streamline and secure the trademark verification process, ensuring legitimate use of tickers in the evolving crypto space.
Lian’s proposed verification structure underscores the crypto sector’s ongoing efforts to balance innovation with regulatory robustness. The prioritization of strong branding recalls his earlier observations on how the economic potential of blockchain projects can be amplified by community engagement and entertainment value, as detailed in the examination of crypto fun driving economic potential. Additionally, by safeguarding legitimate use of project tickers, the new approach responds to shifting dynamics among crypto natives, as noted in the renewed interest in memecoins resurgence shaping current market trends.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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