The DeFi Education Fund is fighting back against lawsuits alleging patent infringement in a move to defend the use of open source software.
The Washington D.C.-based advocacy group filed a petition late last week with the U.S. Patent and Trademark Office in a New York district court after a firm sued MakerDAO and Compound Protocol over alleged patent infringement.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
Connecticut-based technology company True Return Systems LLC sued both Compound Protocol and MakerDAO in October 2022 and said both DAOs knew about a patent and infringed on it. True Return says it"possesses the exclusive right to and standing to prosecute" for infringement, the firm said in its original complaints filed against MakerDAO and Compound Protocol.
The Nasdaq patent is very similar, and brings price feed data on chain, said Amanda Tuminelli, the DeFi Education Fund's chief legal officer.
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