Libra domain names seem to be a hot topic on NamePros since Facebook announced its Libra cryptocurrency. In fact, there are nearly three dozen threads and hundreds of posts about Libra domain names. Some people have been discussing why buying and/or registering Libra domain names is a good idea, some people have been discussing why it is a bad idea, and others have been promoting or looking to sell already registered Libra domain names.
Not only are Libra-related domain names a topic of interest in NamePros, but there have been a whole lot of Libra domain names registered recently. In fact, “Libra” was the top trending keyword .com and .net domain registrations last month, according to Verisign’s blog.
There has been a lot of speculation made about buying and selling domain names with “Libra” in them, as well as speculation about trademark filings and what they mean with respect to Libra-related domain names. In my opinion, it is not such a great idea to take advice about legal topics from people who are not lawyers. I also think this is a fairly complicated topic.
This morning, domain industry (and IP) attorney John Berryhill weighed in with a comprehensive comment in one of the Libra domain name threads. I think it would be doing a disservice to simply grab an excerpt from John’s comment because it should be read in its entirety. For anyone considering the purchase or sale of Libra domain names, John’s comment is a must read. It would also be a good idea to reach out to an intellectual property attorney directly before spending any real money on trademark related domain names.
Finally, people who ask questions or look for answers on forums should be mindful of who is offering their advice. This is especially true when it comes to specialized legal advice.