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The interesting part of the x402 protocol is that—the standard itself was officially launched by a certain leading compliant platform in May 2025, but the handle was pre-registered by a certain public chain ecosystem. This has sparked doubts among many industry insiders.
Because of this, a well-known developer came out to state that such unilateral possession of this identifier is not appropriate. It’s quite interesting—by 2026, the Web3 ecosystem is still repeating the old tricks of Web2 era—domain name squatting, protocol name squatting, brand handle squatting. These old routines have been played out in the centralized internet era, and surprisingly, they are still happening in the decentralized world.