Its rights to use the name Gram as a denomination of digital currency are also defended by the 23-year-old founder of the start-up Lantah, Daniel Jeffrey
The California court recognized Pavel Durov’s right to promote and develop his own cryptocurrency called Gram.
Recall, its rights to use the name Gram as the name of the digital currency is also defended by the 23-year-old founder of the start-up Lantah, Daniel Jeffrey, who said in May this year that he was the first to come up with such a name for his cryptocurrency and has every right to use it.
However, the creator of Telegram and the blockchain platform TON was able to prove its sole right to use the brand, because Durov already used Gram in a commercial solution in the US, having spent a round of investments in TON through the sale of Gram tokens.
It is worth noting that Durov had to hire one of the best copyright lawyers in the world of John Neukom, spending on his services several million US dollars.
It should be noted that this decision is only intermediate and will be valid until the court makes a final decision on the case. However, now, probably, Durov does not need to worry; courts seldom change their decisions.