Meta has joined the Crypto Open Patent Alliance – Bits Media

Meta, founded by Mark Zuckerberg (ex Facebook) joined the Crypto Open Patent Alliance (COPA), whose members advocate for open technology patents, associated with blockchain.

Meta's representative to COPA will be Shane O'Reilly (Shayne O’Reilly). Counts, what do you have the company has dozens of patents, directly related to digital assets.

COPA currently consists of: 30 companies, involved in developments in this area. The more companies join the alliance, the more the risk of litigation will be reduced, related to blockchain-based developments, considered in CORA. The organization strives to make the industry more open and accessible to developers.

COPA CEO Max Sills describes "core cryptocurrency patents" as any technology, которая позволяет создавать, добывать, рассчитывать, хранить или передавать криптовалюту.

Meta's decision to join COPA comes immediately after the official closure of the Diem cryptocurrency project, created at one time on the initiative of Facebook. Silvergate Bank bought Diem's ​​assets for $200 million.

However, Meta's interests are not limited to cryptocurrencies. The Financial Times previously reported, that Zuckerberg's company is developing its own NFT platform, which is integrated into Facebook and Instagram.