Trademarks filed for NFTs, metaverse and cryptocurrencies soar to new levels in 2022

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The variety of corporations submitting emblems for nonfungible tokens (NFTs), metaverse-related digital items and companies, and cryptocurrencies has grown quickly in 2022. 

Based on knowledge compiled by licensed trademark legal professional Mike Kondoudis, the variety of trademark purposes filed for digital currencies, in addition to their associated items and companies, has reached 4,708 as of the top of October 2022 — surpassing the full quantity filed in 2021 (3,547).

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The variety of trademark purposes filed for the metaverse and its associated digital items and companies additionally soared to 4,997 from the 1,890 filed in 2021. This appears to counsel a large urge for food for the metaverse and its associated merchandise, regardless of the setbacks the ecosystem has confronted in turning into absolutely purposeful.

The will for NFTs as a know-how nonetheless seems to be on the rise, regardless of a recorded decline in NFT buying and selling quantity and gross sales. Based on Kondoudis’ statistics, the full variety of trademark purposes for NFTs and their associated merchandise elevated from 2,142 in 2021 to six,855 as of October 2022.

Associated: What stays within the NFT market now that the mud has settled?

Throughout the previous month, quite a few corporations have filed recent trademark purposes to affix the Web3 ecosystem. On Oct. 21, make-up and beauty large Ulta filed a trademark utility for plans to incorporate NFTs and digital make-up and salon companies amongst its choices.

Luxurious watchmaker Rolex additionally filed a trademark utility with plans to convey NFTs, NFT-backed media, NFT marketplaces and a cryptocurrency alternate to its empire.

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