The Crypto Open Patent Alliance (COPA) has welcomed Meta as a member, with the social media giants pledging that its core crypto patents will be accessible to all.
The Crypto Open Patent Alliance has welcomed Meta as a member, with the social media giants vowing to make its core crypto patents accessible to all.the COPA, a group that advocates for public patents on crypto and blockchain-related technologies. On Monday, the organization published a statement announcing Meta and noting that Shayne O'Reilly would be its representative.
By joining COPA, Meta will become one of 30 other businesses committed to not enforcing their"core cryptocurrency patents." The general manager of COPA, Max Sills, describes"core cryptocurrency patents" as any"technology that allows the creation, mining, storage, transmission, settlement, integrity, or security of cryptocurrencies."
By forming an association and requiring member firms to contribute their patents to a collective patent library, COPA hopes to stimulate blockchain innovation by lowering the risk of patent litigation. Jack Dorsey, the co-founder of Twitter, commended the development on Twitter stating that"this is great." Dorsey has declared several times that the crypto market is best served when everyone's interests are accommodated, not just those of the wealthy.
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