Unicoin Takes Uniswap to Court Over UNI Trademark Dispute
Unicoin has sued Uniswap Labs in New York federal court over a trademark dispute. The lawsuit claims that Unicoin's use of its brand name, UNICOIN, does not infringe on Uniswap's trademarks.
The complaint argues that the term 'uni' is generic and widely used in various industries, including cryptocurrency, blockchain, and decentralized finance. It cites over 3,600 registrations in the U.S. Patent and Trademark Office database containing the prefix 'UNI', with approximately 1,000 currently live.
Unicoin also disputes the risk of consumer confusion, pointing out differences between its product and branding compared to Uniswap's decentralized exchange and governance token. The company has sold to thousands of investors in over 100 countries while spending millions on advertising, including Times Square billboards and major industry events.