Lightning Labs Taro Project Temporarily Frozen For Trademark Infringement
Blockchain startup Tari Labs has won a temporary restraining order against bitcoin developer Lighting Labs' Taro protocol that is supposed to allow users issue and move assets on the Lightning Network.
- The motion reportedly restrains Lightning Labs from making external updates to its Taro protocol and from announcing the next stage of the protocol until a hearing on any motion for dissolution of the temporary restraining order occurs following a sufficient rebrand.
- "This whole thing could’ve been avoided if they changed the name. We cannot allow a competitor to sow confusion in the marketplace by trading on the good will associated with our name and offering nearly identical services under a nearly identical name, which we were using first."
- Tari Labs is backed by investors including Pantera, Blockchain Capital and Multicoin.