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One part community, one part prediction market, the meme coin that borrows the former president's likeness is a troll project that became serious. One day, the Donald Trump-themed MAGA coin, which surged nearly 400% over the last month according to CoinGecko data, and boasts a market cap of over $285 million, might enter the meme coin hall of fame alongside the category's canine icons. "My intention is really to have this up there with a DOGE or SHIB, that kind of scale and market cap and popularity," the project's marketing director, YouTube talk show host Steven Steele, said in an interview with CoinDesk. It might sound absurd, but this is crypto. Remember, those two dog-themed meme coins have market caps well into the billions, but they started as jokes. As memes. Since then, Shiba Inu stewards have floated Shibarium, their own blockchain ecosystem, while the Dogecoin community is similarly working on several real-world use cases. Meme coins are a polarizing issue in crypto. For some, they represent the worst, most “degenerate” aspects of the global crypto casino while for others, they capture the lighthearted spirit that comes with the herculean task of trying to reinvent the global financial system — an ethos the Avalanche Foundation captured recently when saying it would invest in these community-building in-jokes. It’s a divide many meme coin projects are trying to mend by directing their tokens toward useful purposes (or saying they are). Steele said that his Trump coins actually have a form of utility. It's the first chapter of an experiment in PoliFi, merging politics, finance, and community. (The name is a portmanteau a la DeFi, short for decentralized finance.)$MEMECOIN

$DEFI DEF characterized TRS as a “patent troll,” that is, a firm that pursues patent claims that may be unfounded. DEF argued in a September petition to the United States Patent and Trademark Office (USPTO) that the technology TRS had patented in 2018 was already in wide use. DEF listed four technologies that served the same purpose and were created in 2014 and 2016. Technology similar to the TRS patent. Source: DeFi Education Fund The USPTO was required to respond to decide in six months whether it would review the patent and make a ruling on whether or not to cancel the patent in 12 months. DEF chief legal officer Amanda Tuminelli said in a statement provided to Cointelegraph: “As a result of our settlement with TRS, TRS will dismiss the legal proceedings against MakerDAO and Compound Protocol. […] As we said when we first brought our petition to invalidate the patent, offensive patenting is antithetical to the ethos of open-source software development.” TRS filed complaints against MakerDAO and Compound Protocol in October 2022, demanding payment of damages from patent infringement and enjoining the DAOs from future use of the subject matter TRS claims. The patent purchase resolves the suits.

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