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Dec. 31, 2019
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The Maker Foundation has announced that the Maker and Dai trademarks portfolios had been both transferred to the independent Dai Foundation.

Maker Presents New Re-imagined Currency

The Foundation is reportedly based in Denmark and its application to operate as a non-profit entity is under Danish government review.

"The Dai Foundation has been created to safeguard certain intangible assets that underlie the MakerDAO system, which should not be taken over by or transferred to a single for-profit entity, but rather be used for sustainable growth of the MakerDAO system and for maximizing the public good thereof in line with a set of fundamental principles," the announcement states.

Maker Foundation CEO Rune Christensen claims that by transferring the Maker and Dai trademarks to the Dai Foundation, the community "can rest assured that these assets are safeguarded and will be used for the benefit of the Maker Protocol beyond the Maker Foundation's limited lifetime."

Earlier iHodl reported that an unknown hacker compromised the VeChain Foundation buyback address and stole 1.1 billion VET (approximately $6,3 million USD).

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