Lightning Network infrastructure firm Lightning Labs has rebranded its Taro project to Taproot Assets and released a software update after a contentious trademark infringement suit was filed by blockchain software development firm Tari Labs Last December.
The suit resulted in an injunction that prevented further development of the project. But with the rebranding, Lightning Labs has resumed work on the primary software for implementing the newly renamed Taproot Assets protocol, which will allow users to issue assets such as stablecoins on the Bitcoin blockchain.
Tari Labs has not responded to CoinDesk’s request for comment.
Read more: Lightning Labs’ Taro Project Faces Halt as Judge Issues
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