Meta crypto open patent alliance

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meta crypto open patent alliance

Meta’s turning point

It’s very curious that a company like Facebook/Meta, which in the past has been very distant from the open source philosophy, this time decided instead to join this initiative regarding its engagement in the crypto and blockchain sector. This is probably areal turning point, perhaps dictated by the fact thatthe metaverse it is working on is unlikely to be a closed world, as Facebook is and has always been.

Zuckerberg once wanted to bring the whole web within Facebook, so as to force users to remain closed within its platform, but now he agrees to make their patents available to anyone.

Companies large and small can encourage innovation by collaborating on fundamental infrastructure. This is one step further to advancing COPA’s mission, which is to remove legal obstacles so cryptocurrency can become the backbone for transferring value anywhere in the world,” said Max Sills, IP Counsel At Block and General Manager Of COPA.

COPA is building a cross-industry effort with the goal of uniting large technology companies like Meta, financial services organizations, crypto-native companies, and more to protect and advance cryptocurrency innovation.


COPA’s over thirty members include Block, Coinbase, MicroStrategy, Kraken, Chaincode Labs, Uniswap and now Meta.

Now, its primary focus is on the metaverse and NFTs , and it’s clear that there may be more up its sleeve.

Twitter co-founder Jack Dorsey also commented on the development, commending it by simply saying in a tweet that “this is great.” Dorsey has made statements to the end that the crypto market is best served by catering to the interests of everyone, not just the already rich.

COPA identifies as the “leading cryptocurrency patent alliance” and is focused on building an open-sourced environment to “protect core technologies for all users.” It is working with financial services companies, crypto companies, and established firms in its cross-industry initiative of collaboration.

Meta crypto open patent alliances

Apple Tap-to-Pay on iPhone (new) – A contactless payment acceptance capability, requiring only an iPhone (no additional hardware), compatible with any contactless debit or credit card, iPhone, Apple Watch, or other smartphone with NFC contactless payment functionality. If we boil that down a bit, the essential design of Apple’s financial services offerings can be thought of as a container (Apple Wallet) that stores money (Apple Cash), credit (Apple Card, Apple Pay Later, Apple Pay Monthly Installments), and identity (government-issued IDs and other credentials) and wraps them with a transaction layer (Apple Pay) that can securely interact with a variety of other Apple components and third-party systems.

Meta, formerly known as Facebook, joins the Crypto Open Patent Alliance (COPA), a nonprofit crypto community founded by The Block, formerly known as Square Inc.

Crypto Open Patent Alliance, as reported on their website Open Crypto, ” is a community of like-minded people and companies formed to encourage the adoption and advancement of cryptocurrency technologies and to remove patents as a barrier to growth and innovation.”

This community hosts 30 companies well-known in the cryptocurrency industry including, Kraken, Microstrategy, Uniswap, Chaincode Labs, and OkCoin. Through COPA, META will pledge to never use their crypto-technology patents against anyone, “except for defensive reasons.” This pledge effectively makes its patents freely available for all to use.

Shayne O’Reilly, the head of Meta’s company licensing, will join board members from The Block and Coinbase.

Good digging into Apple bank account. Clearly evident – Future of #wallets is beyond payments. Payment is just one enabling feature. I guess Wallets has potential to eat whole retail banking.
What do you think ? Apple offerings ✅ Apple Wallet – an app that stores credit and debit cards, loyalty and reward cards, drivers’ licenses and state IDs, employee and student IDs, event tickets, transit passes and plane tickets, and keys. ✅ Apple Pay – a digital payments service that facilitates contactless in-person payments and one-click digital payments (online and in-app) as well as other transactions involving credentials stored in the Apple Wallet. ✅ Apple Card – a credit card with cashback rewards that incentivize Apple purchases and contactless purchases, family-sharing features, and a financial health-focused UX.
In what is the biggest cryptocurrency patent commitment to date, Meta has become a member of the Crypto Open Patent Alliance (COPA), which encourages innovation by lowering the chance of patent litigation. Meta will also join COPA’s board, alongside Coinbase and Block.
Representing Meta will be Shayne O’Reilly, who manages Meta’s licensing and transactions group. The move solidifies COPA’s position as the leading cryptocurrency patent alliance, which is building a collaborative, open-source focused environment to protect core technologies for all users.

Through joining COPA, Meta has pledged not to enforce its core cryptocurrency patents against anyone, except for defensive reasons, effectively making these patents freely available for all to use.

“Meta’s leadership in COPA underlines the importance of protecting open source technologies.

Meta is ready to allow developers in the cryptocurrency ecosystem to build using its crypto patents.

The metaverse firm could pay Diem’s investors with the $200 million raised from the sale of the intellectual property rights.

Max Sills, General manager at COPA, was quoted as saying:

Companies large and small can encourage innovation by collaborating on fundamental infrastructure. This is one step further to advancing COPA’s mission, which is to remove legal obstacles so cryptocurrency can become the backbone for transferring value anywhere in the world.

Meta has put its plans to venture into the digital payment ecosystem through stablecoin Diem to rest and joined the COPA board as a voting member.

The pledge states that a member may not “enforce its core cryptocurrency patents against anyone, except for defensive reasons, effectively making these patents freely available for all to use.”

“Meta’s leadership in COPA underlines the importance of protecting open source technologies. Companies large and small can encourage innovation by collaborating on fundamental infrastructure.
This is one step further to advancing COPA’s mission, which is to remove legal obstacles so cryptocurrency can become the backbone for transferring value anywhere in the world,” said Max Sills, IP Counsel at Block and General Manager Of COPA, in a statement.

Other members of COPA include Block (formerly Square), Coinbase, MicroStrategy, Kraken, Chaincode Labs, Uniswap, and more.

Meta has joined Crypto Open Patent Alliance (COPA) as a member which talks further about its seriousness about crypto.

Stating the membership, COPA said that the inclusion of Meta is the biggest cryptocurrency patent commitment till now.

Formed in 2020, COPA boosts crypto innovation by bringing down the chances of patent litigation. It helps by creating open-source settings to protect core technologies for the users.

“COPA is building a cross-industry effort with the goal of uniting large technology companies like Meta, financial services organisations, crypto-native companies, and more to protect and advance cryptocurrency innovation,” said COPA in a statement.

“Meta’s leadership in COPA underlines the importance of protecting open source technologies.

Companies large and small can encourage innovation by collaborating on fundamental infrastructure.

Meta has joined the Crypto Open Patent Alliance (COPA), pledging to make its core crypto patents free for everyone to use. The group counts Block, Coinbase, Kraken, MicroStrategy, and Uniswap as members, among others.

Facebook parent company Meta has joined the Crypto Open Patent Alliance (COPA), a group that calls for open patents when it comes to crypto and blockchain-related technologies.
The group published a post on Jan 31, welcoming the social media giant and saying that Shayne O’Reilly would represent Meta.

As a member of COPA, Meta will not enforce core cryptocurrency patents against anyone — except for defensive reasons. This means that any patents outside of this condition will be free for anyone to use.

Meta’s interest in the crypto space has been apparent these past few years. First with its Diem initiative, which happened before its rebranding to Meta.

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