TBD is a subsidiary of Block (formerly Square), a tech company co-founded by billionaire social media mogul and Twitter founder Jack Dorsey. In July, they unveiled the concept of "Web5", which they define an "extra decentralized web platform".
Who could have predicted that people might balk when TBD then announced they would try to trademark the term? Apparently they saw no irony in their attempt as a single, powerful entity to gain control over the trademark.
The same was not true of the people who responded to the post, who wrote things like, "We need to make sure web 5 is truly open by copyrighting it", and simply "🤡🤡🤡🤡🤡".
Six hours later, the company tweeted, "we have heard the community and we are responding to their concerns". They issued a statement acknowledging that "we have heard loud voices in the community who are concerned about the potential for abuse of trademark law in ways that would undermine the mission of decentralization." Gee, you think?
And no, they still haven't explained what happened to web4.