IP law needs to be reformed, not abolished. Unless you want the end of all art since, without protections like copyright, no artist would be able to make money from their work. No more art, writing, books, music, TV, film, stage plays, nothing.
But that's also getting a bit off topic from the subject.
It's actually right at the heart of it.
The fundamental issue is that of limited space for trademarks/service marks. They last as long as defended in the US. And there's provision for overlap in the law, but once a big corporation gets involved, sane enforcement goes right out the window. And so the indies get smashed in the zealotry of corporate lawyers doing the minimum due dilligence.
Whether or not AI was used to detect the infraction, it's clear automation was involved and it;'s clear that there was a lack of due dilligence, an overreaction, and the indies suffer for it.
Also, as yet, the .io ccTLD is not yet scheduled for retirement; Mauritius hasn't said what it's going to do - it could consider the Indian Ocean Territory to be a client state, held in trust (unlikely, but possible), kept as a regional identity (and thus not technically a ccTLD, but since that's the status it held under the UK, it's also plausible, it could be that they ask the ISO to leave it in place and mine it for cash, it could be that they expire it, but until they make that decision, the 3 year timer doesn't hit.
This kind of zap first, think later response is deeply tied to the US and the various IP laws within. And no clear guidance over how far in terms of field one has to go to before overlap is allowed...
... so the corps proverbially go fishing with dynamite, instead of a fishing spear.
