Odaily Planet Daily reports that Hayden Adams posted on X stating that his lawyer informed him that Uniswap has won the lawsuit. Previously, Bprotocol Foundation and LocalCoin Ltd. filed a lawsuit in the Southern District of New York, accusing Uniswap Labs and Uniswap Foundation of infringing on their patent related to constant product automated market maker (CPAMM) infrastructure obtained in 2017. Bancor claimed that Uniswap used its core smart contract technology without authorization and is seeking damages. A spokesperson for Uniswap Labs previously stated that the lawsuit was baseless and argued that their protocol code has been publicly available for many years.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A whale transferred 4.39 million UNI to a new address before BlackRock announced plans to purchase UNI.
BlockBeats News, February 11 — According to Lookonchain monitoring, shortly before BlackRock announced plans to purchase an undisclosed amount of Uniswap $UNI tokens, a whale (0x9c98) after being dormant for 4 years transferred 4.39 million UNI (approximately $14.75 million) to a new wallet (0xf129).
GateNewsBot1m ago
BlackRock announces the purchase of the Uniswap platform token UNI! $UNI surges 23%
BlackRock announces the purchase of the decentralized exchange platform Uniswap's token UNI. This move indicates a shift in traditional finance's attitude towards DeFi and brings new opportunities to the crypto market. Simultaneously with the listing of Uniswap on BUIDL, BlackRock's strategic positioning emphasizes recognition of decentralized finance and has caused the UNI token price to rise rapidly.
動區BlockTempo13m ago
Uniswap Labs Partners with Securitize to Unlock Liquidity for BlackRock's BUIDL
Gate News bot message, Uniswap Labs and Securitize have entered into a collaboration to unlock liquidity options for BlackRock's BUIDL. According to the source, this partnership aims to provide new liquidity solutions for BlackRock's tokenized fund product. UNI has a market capitalization of $2939M.
GateNewsBot48m ago
Uniswap Grabs Early Win as US Judge Dismisses Bancor Patent Lawsuit
A New York federal court has dismissed a patent infringement suit brought by Bancor-affiliated entities against Uniswap, finding that the asserted claims describe abstract ideas that are not eligible for patent protection under US law. Judge John G. Koeltl of the Southern District of New York
CryptoBreaking4h ago
U.S. court dismisses Bancor's patent lawsuit against Uniswap
A federal judge in New York dismissed a patent infringement lawsuit from Bancor against Uniswap, stating the patents involved referenced only abstract ideas. The court's ruling allows Bancor to amend its case within 21 days, or the dismissal becomes final.
TapChiBitcoin5h ago
Uniswap wins a crucial battle! U.S. court dismisses Bancor patent lawsuit, a major positive development for DeFi automated market makers
On February 11, news, the U.S. Southern District of New York Federal District Court made an important ruling, dismissing the patent infringement lawsuit filed by Bprotocol Foundation and LocalCoin Ltd. related to Bancor against Uniswap. Judge John G. Koeltl stated in a memorandum opinion issued on February 10 that the patents involved are essentially "abstract concepts" and do not meet the patentability standards under U.S. patent law.
The case centered around the "Constant Product Automated Market Maker" model, which is one of the core liquidity pricing mechanisms in decentralized finance. The plaintiffs claimed that Uniswap illegally used their automated pricing and liquidity pool technology, but the court held that these patents only involve "fundamental economic practices of calculating currency exchange rates for trading," and even if implemented on blockchain and smart contracts, they do not qualify for patent protection.
GateNewsBot5h ago
