Jack Dorsey's TBD Reverses Plan to Trademark 'Web5' After Backlash

Well, that’s great. Because we were building Web5 for years before Jack Dorsey was. We were just calling it Web4.

Using the government of a large, centralized country to prevent others from using a term that is closely based on Web2, Web3, Web4? Not a very decentralized move. I’m glad they backed off of it.

On the other hand, out of all intellectual property laws, I think Trademark law is one of the most useful. But like all property laws, it should be relatively narrow in scope, or it can quickly be abused by squatters. Protecting a name like “Qbix”, “Intercoin” or “Microsoft” is one thing, but “Web5”? That’s something else.