Gemini is Two-Faced on Patenting

Gemini, the digital assets exchange founded by the Winklevoss brothers, has acquired Shard X in June 2021. Shard X develops multi-party computation (MPC) cryptography, which is a secure distributed method of computation for mining and…

Lancium and Layer1 Settle — Patents Win, Once Again

In March 2021, Lancium LLC and Layer1 settled litigation for a case wherein Layer1 was accused of infringing Lancium’s patent for power management based on grid status. The patent covers an intelligent system for monitoring cryptocurrency…

Chia Network Plants a Patent Seed. We’re Waiting for Portfolio Growth.

Chia Network has raised $61M in Series D funding and is considering an IPO this year. The cryptocurrency startup, which has its own Chia Coin, claims to be more environmentally friendly than other coins because of its consensus method,…

Ernst & Young Pulls Ahead of the Big Four in Cryptocurrency Investment

In May of 2021, accounting firm Ernst & Young (E&Y) announced that it is investing $100M into decentralized finance (DeFi) and distributed ledger products for enterprise. The firm already offers smart contract protocols and…

Big Time Studios Moves Fast on Patents, Secures $21M in Funding

Time Studios was founded in April of 2020 and boasts alumni of Epic Games, Riot Games, Blizzard Entertainment, and EA. The goal of the company is to boost adoption of cryptocurrency and NFTs in the gaming industry, while also…

Nokia Launches Blockchain Product. Market May Be Surprised. Patent Followers Are Not.

Nokia doesn't quite have a reputation for being on the cutting edge of technology. In terms of consumer electronics, it is perhaps best known for its indestructible cell phones from the early 2000s. However, the company is still an…

Nokia Launches Blockchain Product. Market May Be Surprised. Patent Followers are Not.

Nokia doesn't quite have a reputation for being on the cutting edge of technology. In terms of consumer electronics, it is perhaps best known for its indestructible cell phones from the early 2000s. However, the company is still an…

Securrency Raises $30M, Leads in DeFi Patents

Securrency uses blockchain technology to automate and regulate compliance and transactions for decentralized finance (DeFi), which does not rely on centralized banks, exchanges, or other traditional financial institutions. The company has…

Coinbase IPO Headlines. Its Patents Indicate a Bullish Future.

In Q1 2021, Patent Forecast® reported on Coinbase going public via direct public offering. At the time, market watchers predicted a valuation of over $50B. On its opening day of April 14, 2021, stock debuted at $381 per share and at one…

Consensys Raises $65M, Gets Platform and First Patent Asset

Blockchain solutions developer Consensys raised $65M in its recent funding round with investments from big-name financial institutions including UBS and JPMorgan. The company's patent portfolio is almost non-existent, but certain moves may…

Patents Prove Signal and MobileCoin are a Good Match

Secure messaging platform Signal is beta testing a peer-to-peer payment system on its app. The system supports the MobileCoin coin and wallet protocol, which makes sense when you consider Signal's reputation for privacy and security.…

Dapper Labs Raises $300M Amidst NFT Hype

Canadian startup Dapper Labs has developed a number of games, blockchain networks, and NFT digital collectibles platforms. Its platform, backed by patent-pending technology uses a more efficient consensus that may prove to be even more…

Verasity Announces NFT Platform. Patent Issues 6 Days Later — See the Pattern?

Non-Fungible Token (NFT) art has become a huge topic of discussion in recent weeks. As multiple industries rush to explore implementations as well as security concerns, it turns out the companies who have invested in patents may come out…

PayPal Acquires Curv to Block Competition in Cryptocurrency Transactions

Nex Team, an industry leader in the world of app-based basketball skills development, has been in a rapid growth stage for some time now, landing partnerships with basketball teams and leagues all over the United States.  Nex Team has…

Christie’s Brings Cryptocurrency to Auctions

The world of art collecting and auctions is moving towards cryptocurrency, revealing a white space in the Patent Forecast®. In February of 2021, the prestigious Christie's auction house announced that it would be accepting cryptocurrency…

Coinbase Going Public Thanks to Patent Portfolio

Digital currency exchange platform Coinbase has filed to go public through a direct public offering. Despite taking a purely defensive stance on software patents — since 2015, the company has claimed it will not use patents offensively and…

Sorare Gets Funding from Uber and Twitter. Is it Too Late to Patent?

Blockchain soccer gaming platform Sorare has raised $50 million in a Series A round, with investment from well-known tech companies like Twitter and Uber. Despite this success, the company has not yet invested in patents. But the Patent…

Mastercard Pushing Forward, Visa Lagging Behind?

Mastercard announced on February 10 that it would start supporting cryptocurrency transactions, months after PayPal made a similar announcement and caused a Bitcoin surge in October of 2020. At the time, we noted that PayPal's patents left…

Is Apple Equipped to Handle Crypto?

A research report from investment bank RBC Capital Markets has raised the price target for Apple stock from $154 to $171, speculating that the tech company is well-positioned to enter the cryptocurrency market. RBC's reasoning is that the…

Patents Aid Acquisition Yet Again

Online job recruitment platform Job.com has acquired Talenting, which develops a blockchain-based system for aggregating and assessing professional data in order to streamline job searching and hiring. Job.com already implements blockchain…

State Farm and USAA Lead in Blockchain Insurance

State Farm and USAA have been investing in blockchain for a few years, with continuous patent filings since 2017 and 2016, respectively. Now, the insurance companies are implementing a blockchain solution for subrogation claims, which…

Hedera Hashgraphs in Hospitals

A hospital network in the United Kingdom has started implementing distributed ledger technology (DLT) from Hedera Hashgraph to track COVID-19 vaccines. The hospital network has experience using IoT sensors to track temperature-sensitive…

A Rundown of the Crypto Open Patent Alliance

In September 2020, mobile payment services company Square announced the Cryptocurrency Open Patent Alliance (COPA) to encourage companies to share their innovation in an open-source library and pledge not to offensively assert patent…

Why is Bitcoin Up? Inflation, Banks, and…Pornhub

Inflation  On March 9, 2020, there was about $4 trillion in circulation. As of November 30, 2020, the money supply stood at over $6.5 trillion, largely due to coronavirus related stimulus bills. A December stimulus bill added $900…

Cryptocurrency Becoming a Safe Gamble for 2021

International Game Technology (IGT), a UK-based company that makes gambling machines and lottery platforms, developed a cashless pay system that was approved by the Nevada Gaming Control Board. The system lets gamblers use loyalty cards or…

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