Overview
What is Crypto Open Patent Alliance?
The Crypto Open Patent Alliance (COPA) is a nonprofit organization, situated in Palo Alto, California, dedicated to fostering the advancement of cryptocurrency. It aims to remove patents as an impediment to growth and innovation in the crypto sector. COPA is an inclusive community, welcoming individuals, start-ups, small companies, and large corporations, regardless of their patent possession. Members pledge not to utilize their crypto-technology patents against others, except in defensive circumstances, thereby making these patents freely accessible for all. By pooling their crypto-technology patents together, COPA members create a shared patent library, providing mutual protection against patent aggressors, thereby empowering each member, regardless of their individual patent ownership, with tools and leverage to safeguard themselves. The alliance's mission is to encourage the collaborative development of crypto technologies, ensuring the continued growth and progress of the sector.
Official website here: www.opencrypto.org
Is Crypto Open Patent Alliance legitimate?
Crypto Open Patent Alliance is a legitimate nonprofit organization registered as a 501(c)(6) entity. Crypto Open Patent Alliance submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.opencrypto.org
What is the mission statement of Crypto Open Patent Alliance?
The Crypto Open Patent Alliance (COPA) is a non-profit organization comprising like-minded individuals and companies, formed with the mission to encourage the adoption and advancement of cryptocurrency technologies. Recognizing the collaborative nature of cryptocurrency, which is built on the collective efforts of developers, engineers, and designers, COPA aims to eliminate patents as a barrier to growth and innovation in this field. The success of cryptocurrency is largely due to the community coming together to build and develop upon existing technologies for the benefit of all, and COPA believes it can play a role in facilitating this process.
Official website here: www.opencrypto.org
Who is the CEO of Crypto Open Patent Alliance?
Gilbert Wong is the Director of Crypto Open Patent Alliance.
Official website here: www.opencrypto.org
What is the revenue of Crypto Open Patent Alliance?
Crypto Open Patent Alliance's revenue in 2022 was $995,000.
Official website here: www.opencrypto.org
Who are the executives of Crypto Open Patent Alliance and what are their salaries?
There 7 volunteers at Crypto Open Patent Alliance.
Here are 6 key members and their salaries:
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Official website here: www.opencrypto.org
Where can I find the form 990 for Crypto Open Patent Alliance?
Crypto Open Patent Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.opencrypto.org
Learn more at the official website: www.opencrypto.org
Mission Statement of Crypto Open Patent Alliance
The Crypto Open Patent Alliance, a non-profit community of like-minded individuals and companies, aims to encourage the adoption and advancement of cryptocurrency technologies. Recognizing the collaborative efforts of developers, engineers, and designers that have built and developed upon existing technologies for the benefit of all, this organization seeks to remove patents as a barrier to growth and innovation in the crypto sphere. By doing so, the Crypto Open Patent Alliance believes it can help foster a more open and innovative environment in the realm of cryptocurrencies.
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Impact
October, 2024
The Crypto Open Patent Alliance (COPA) significantly impacts the cryptocurrency landscape by fostering collaboration and reducing barriers to innovation. By creating a collective patent library, COPA allows members—ranging from individuals and startups to large corporations—to access a shared repository of crypto-technology patents. This collaboration promotes the free use of technology and encourages advancements without the fear of litigation from patent aggressors.
Members of COPA pledge to use their patents only defensively, ensuring that these valuable resources remain available to all participants. This approach empowers even those without their own patents, as they can benefit from the pooled intellectual property of the community. Consequently, COPA plays a vital role in driving innovation by removing the limitations imposed by patents, allowing a more collaborative development environment that is essential for the evolving cryptocurrency industry.
This commitment to shared resources and defensive strategies not only enhances individual member capabilities in the face of patent threats but also contributes to a more robust ecosystem where technological growth and experimentation can thrive. As a result, COPA is instrumental in shaping a future where cryptocurrency technologies can advance unimpeded by legal constraints, ultimately benefitting the community as a whole.
This information is meant to be a general summary of Crypto Open Patent Alliance. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $995,000
Assets and Liabilities:
- Total Assets: $678,681
- Total Liabilities: $213,555
- Net Assets: $465,126
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Organization Details
Founding Year
2020
Phone
(650) 213-0303Principal Officer
Gilbert Wong
Main Address
3000 EL CAMINO REAL STE 900, PALO ALTO, CA, 94306
Website
www.opencrypto.orgNTEE Category
Code: S40 - Community improvement
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