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Close to 1,000 Libra related names registered in last 7 days

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So there is a lot of discussion everywhere about Libra, Tech Crunch wrote an all you need to know, including the following:

Facebook Libra

Facebook has finally revealed the details of its cryptocurrency, Libra, which will let you buy things or send money to people with nearly zero fees. You’ll pseudonymously buy or cash out your Libra online or at local exchange points like grocery stores, and spend it using interoperable third-party wallet apps or Facebook’s own Calibra wallet that will be built into WhatsApp, Messenger and its own app. Today Facebook released its white paper explaining Libra and its testnet for working out the kinks of its blockchain system before a public launch in the first half of 2020.

Inc wrote 3 things you need to know about Libra, I found this part to be interesting:

If someone hacks your Calibra or other wallet, and takes your Libra, the network will pay it back.

Europe already has problems with it. Bloomberg published this today, Facebook Token Runs Into Instant Political Opposition in Europe

The French finance minister called for a meeting of the Group of Seven central bank governors.

He wrote: “It is out of question’’ that Libra “become a sovereign currency,’’ Le Maire said in an interview on Europe 1 radio. “It can’t and it must not happen.”

Domain investors are hot on the new topic, over the last 7 days close to 1,000 Libra related domain names have been registered.

About Raymond Hackney

Raymond is a writer, domain trader and consultant based in Pennsylvania. Raymond is the founder of 3Character.com and TLDInvestors.com.

Comments

  1. Mike says

    I’ve been watching this for a while and noticed that a New York based company registered several Trademarks for “LIBRA” with Logo a while ago !. Libra Services, Inc.

  4. Raymond Hackney says

    There are close to 80 live trademarks for Libra in many different classes.

  8. steve says

    @raymond
    If any of these classes are in financial services, social networking, currencies, etc — the owners will receive large offers from FB for assignment and goodwill of these marks. Apple paid 30 million for the iPAD trademark rights ONLY in China and paid a fortune to a Japanese company for its US rights to iPad. I’m not sure FB will buy any Libra domains, but would not be surprised if they offer the company who owns Libra.com a pot of gold — maybe 5-10 million Libra Coins? Or maybe they will just buy LBR.com or LB.com or LC.com (Libra Coin) — why not?
    This could be a good sign for Stable Coin” domain owners, as this will give a jolt to stable currencies, as LIBRA is earmarked as a Stable Coin/Currency.

  9. steve says

    OK, that was fast:

    LIBRA
    Goods and Services IC 009. US 021 023 026 036 038. G & S: Computer software for the automation and optimization of accounting, audit and tax reporting, compliance and control processes for the blockchain and cryptocurrency industry; Computer software platforms for the automation and optimization of accounting, audit and tax reporting, compliance and control processes for the blockchain and cryptocurrency industry; Tax management data collection software; Tax management software; Tax preparation software. FIRST USE: 20171001. FIRST USE IN COMMERCE: 20171001
    Mark Drawing Code (3) DESIGN PLUS WORDS, LETTERS, AND/OR NUMBERS
    Design Search Code 26.01.02 – Circles, plain single line ; Plain single line circles
    26.17.01 – Bands, straight ; Bars, straight ; Lines, straight ; Straight line(s), band(s) or bar(s)
    26.17.05 – Bands, horizontal ; Bars, horizontal ; Horizontal line(s), band(s) or bar(s) ; Lines, horizontal
    Serial Number 88015297
    Filing Date June 26, 2018
    Current Basis 1A
    Original Filing Basis 1A
    Published for Opposition May 28, 2019
    Owner (APPLICANT) JLV, LLC LIMITED LIABILITY COMPANY DELAWARE 1601 WILLOW ROAD MENLO PARK CALIFORNIA 94025
    Assignment Recorded ASSIGNMENT RECORDED
    Attorney of Record Sally M. Abel
    Description of Mark Color is not claimed as a feature of the mark. The mark consists of a design consisting of a circle sitting on the top line of two horizontal lines next to the left of the word “LIBRA”.
    Type of Mark TRADEMARK
    Register PRINCIPAL
    Live/Dead Indicator LIVE

    I know Sally Abel; she does excellent trademark legal work for some of biggest tech giants. It’s claiming a first use in commerce of 2017 — interesting. & Assignment recorded, Bingo. And that’s they roll in Silicon Valley.

  11. steve says

    The owner of the trademark was based in New York and was using in-house counsel with the domain Libra.tech. Now based right down the road from FB and with one of 5 most well-known TM attorneys in the Bay Area, where she works at Fenwick.com (in my opinion, the best IP firm in the world – one of my companies engaged them — Fenwick and Cooley — best money can buy for legal work involving M&A, IP, corporate, securities)
    Any predictions on what this mark will go for via assignment? Info should become avail via financial reports —- I’ll guess 50 million USD, or a combination of money and stock. The crypto firm got lucky by calling itself Libra 2 years prior to Facebook’s launch. But luck meets opportunity — and it was ready.