Coinbase is no longer seeking to trademark the term "BUIDL" following a critical response on social media.
The move comes after Coinbase's CTO, Balaji Srinivasan, issued a mea culpa of sorts following coverage of the Oct. 2 trademark application earlier this month.
BUIDL – in contrast to the more popular HODL – has come to suggest that building out real-world use cases is just as valuable as the hoarding of crypto assets.
Coinbase declined to comment further.
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