The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Disney Stops Justin Sun’s Tron (TRX) From Claiming Three Trademarks

by Daily Hodl Staff
December 20, 2019
in Altcoins

Media giant and entertainment conglomerate Disney has blocked Justin Sun’s blockchain platform Tron from acquiring trademarks bearing the brand name TRON and two variations, claiming that the applications would damage its brand.

The applications were blocked on November 6 by the US Patent and Trademark Office. According to a report by Decrypt, Tron has filed no response.

Disney has built a large part of its multi-billion-dollar empire on high-profile branding and global marketing campaigns for successful franchises from its expansive film division, delivering hits from Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, 20th Century Fox, Fox 2000 Pictures, Fox Searchlight Pictures, and Blue Sky Studio.

“Tron” is a 1982 sci-fi film produced by Walt Disney Productions, grossing $50 million at the box office. A sequel titled “Tron:Legacy” was released on December 17, 2010. It blew up at the box office, grossing $400 million worldwide and spawning the animated series “Tron: Uprising”.

The plot of Tron:Legacy is intertwined with the digital world. According to the official synopsis,

“The son of a virtual world designer goes looking for his father and ends up inside the digital world that his father designed. He meets his father’s corrupted creation and a unique ally who was born inside the digital world.”

Tron, founded by Justin Sun, is a blockchain network that utilizes a native cryptocurrency, Tron (TRX), to power a digital crypto economy of global digital entertainment content. The network uses distributed storage technology to enable users to share digital content easily and at low cost. Tron purchased file sharing giant BitTorrent last year for over $100 million.

TRX is currently the 12th largest cryptocurrency, according to data compiled by CoinMarketCap, with a market cap of $898.2 million.

Sun grabbed media headlines earlier this year after attending Warren Buffett’s annual charity auction where he won a lunch date with the legendary investor upon donating $4.6 million to Glide Foundation, an organization that helps the homeless in San Francisco. This week Sun pledged $1 million to support environmental activist Greta Thunberg.

As a young entrepreneur, I share @GretaThunberg’s passion to change the world. Crypto will contribute immensely on reducing carbon footprint by implementing decentralized settlement. I would like to personally commit USD$1 Mil to @GretaThunberg ’s initiative. #cop25

— Justin Sun (@justinsuntron) December 18, 2019

A Google search shows Tron, the movie, dominating search results with entries from IMDb, Disney Movies, Tron Wiki Fandom, Rotten Tomatoes and YouTube. For results to display content related to Sun’s blockchain network Tron, users have to search for “Tron TRX”, “Tron blockchain”, “Tron crypto”, “Justin Sun Tron” or related queries.

However, Google Trends shows that searches for “Tron TRX” outperformed “Tron movie” throughout most of 2019.

Source: Tron

Disney’s lawyers not only claimed that Sun’s registration for “TRON” would damage their franchise but also noted the way in which the tech startup was using the name.

“TRON Marks in all capital letters in a font/stylization that is highly similar in appearance to the unique and distinctive font/stylization of [Disney’s] TRON Marks.”

Jake Chervinsky, counsel at Compound, tweeted the graphic styling of Disney’s TRON and Sun’s TRON.

I'll spare everyone the primer on US trademark law. Just take a look at this and you'll get what's going on here (from page 15 of Disney's Opposition to Tron's trademark applications): pic.twitter.com/FTo6n8VHbf

— Jake Chervinsky (@jchervinsky) December 20, 2019

Mati Greenspan, CEO at Quantum Economics and former eToro senior market analyst weighs in on why Justin Sun’s Tron did not file a response to the USPTO after Disney submitted their objection to the applications.

“To be fair, Disney probably has a better claim to the name Tron. I wouldn’t be surprised if the reason they let it lapse was simply because they had no case to begin with—perhaps they were just trying their luck.”

Chervinsky suggests Sun’s Tron may be facing bigger problems.

“Tron gave up its half-hearted attempt to register trademarks in the US after Disney filed a strong Opposition alleging dilution & brand confusion. This might not be the end, though. If Disney’s serious about this, they could take Tron to court in a trademark infringement suit.”

[the_ad id="42537"] [the_ad id="42536"]
Featured image: Shutterstock/sdecoret
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Unizen and DWF Labs Strategic Partnership To Revolutionize Web 3.0 User Experience
    March 31, 2023
  • Core’s Revolutionary Satoshi Plus Consensus Marries Decentralization, Security and Scalability
    March 30, 2023
  • Lost Worlds Launches Version 2.0 of GeoNFTs in Web 3.0 Platform
    March 30, 2023
  • Script Network, SingularityNET and Stacks Bring Practical Solutions to Real-World Issues
    March 29, 2023
  • OKX To Open Office in Australia
    March 29, 2023
  • Metacade Raises Over $14.7 Million As Presale Sets To Close in 72 Hours
    March 29, 2023
  • Binance Expands AI-Powered NFT Generator Bicasso
    March 28, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,885.47
$27,885.47
1.34%
Ethereum
$1,774.26
$1,774.26
1.48%
Cardano
$0.372538
$0.372538
3.86%
XRP
$0.536301
$0.536301
2.74%
Dogecoin
$0.07421
$0.07421
2.09%

Spotlight

  • SEC Chair Gary Gensler To Face Congress Over Strategy on Digital Assets
    March 29, 2023
  • Top Trader Says Shiba Inu (SHIB), Dogecoin (DOGE) and One Additional Memecoin Will Run Hard on Next Bitcoin Bounce
    March 29, 2023
  • Do Kwon To Be Held in Montenegro for 30 Days As Authorities Investigate Forged Passports: Report
    March 29, 2023
  • CFTC Says Bitcoin, Ethereum and Litecoin Are Commodities in Lawsuit Against Binance and CEO Changpeng Zhao
    March 29, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl