Cryptocurrency firm’s “Wacoinda” trademark hits roadblock as Marvel stalls decision
Marvel Characters is weighing taking legal action against a recent trademark filing from Wilsondom LLC. The filing pertains to the use of “Wacoinda”, which will be the brand name under which the company will launch financial and educational services in the cryptocurrency space.
Wacoinda is derived from the Marvel nation of Wakanda, which is a fictional kingdom in Africa - home to Marvel superhero Black Panther. Wakanda was created as the most technologically advanced nation within the Marvel universe.
Though the trademark application was filed in February, Marvel Characters filed for the extension only last week. The company filed for an extension of 90 days with the U.S. Patent and Trademark Office to decide whether it will oppose or allow the trademark proposal.
Marvel Characters now has until November 14 to decide whether it will quash the proposal made by the start-up, or allow the company to go ahead with its use of the trademark “Wacoinda” brand.
It is not immediately clear what Marvel Characters intends to do regarding the filing.
According to the request for extension made by Marvel Characters, the company requires additional time to “investigate the claim” and to “confer with counsel”.
Wacoinda to empower African Americans
The Wacoinda trademark, if approved, would be used to fuel financial and education empowerment within the African American community.
Under the financial services that would be offered by Wilsondom, the company will issue a digital asset for users in an online community, which can also be transferred within the network, according to legal information portal Justia.
The company will also provide educational services by offering live and online classes in the field of cryptocurrency, conducting programs or providing educational speakers from the industry.
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