Investors buy land in hopes that people will build on it, or buy buildings in which people will rent space.
Intellectual property is the same.
First com, first serve. Some protection against TradeMarks are necessary. Geographical indications protection is ridiculous. Perhaps when someone registers an acronym, they should be required at the time of registry to spell out the acronym to avoid later dispute about intent. Perhaps it should be registry's responsibility to prohibit the sale of trademarked or prohibited names.