Uniswap founder: Wins patent infringement lawsuit against Bancor
Uniswap founder Hayden Adams posted on the X platform that his lawyer informed him Uniswap has won the lawsuit.
Previously, Bprotocol Foundation and Local Coin Ltd. filed a lawsuit in the United States District Court for the Southern District of New York, accusing Uniswap Labs and Uniswap Foundation of infringing on their patent related to the constant product automated market maker (CPAMM) infrastructure obtained in 2017.
Bancor claimed that Uniswap used its core smart contract technology without authorization and sought damages. A spokesperson for Uniswap Labs previously stated that the lawsuit was baseless and argued that its protocol code has been publicly available for years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NEAR Price Falls 8.14% as Analyst Eyes Buys Below $3.50 Level
Pyth October Report: ARR Jumps 18.9% as Data Expansion Accelerates
Elon Musk: SpaceX (SPCX.US) Q4 revenue is expected to increase by approximately 70% quarter-on-quarter, with government contract income share falling below 10%
Elon Musk stated on Friday that SpaceX (SPCX.US) will continue to reduce its dependence on U.S. government procurement contracts.
Crypto prices
More
