Meta Joins Block’s Crypto Open Patent Alliance as Diem Reportedly Winds Down

Meta Joins Block’s Crypto Open Patent Alliance as Diem Reportedly Winds Down
The company formerly known as Facebook is joining the Crypto Open Patent Alliance (COPA), a consortium of tech and crypto companies led by Jack Dorsey’s payments company, Block (the company formerly known as Square).Meta will join over two dozen other companies who, by joining COPA, have pledged not to enforce their “core cryptocurrency patents” – broadly defined by Max Sills, the general manager of COPA as any “technology that enables the creation, mining, storage, transmission, settlement, integrity, or security of cryptocurrencies.”The move comes as Meta winds down its Diem project, reportedly selling the project’s intellectual property to Silvergate Bank for…