As the cryptocurrency sector expands, so does one important component of it that is increasingly being used by businesses and individuals seeking new methods to engage with their consumers.
According to data provided on September 6 by trademark and patent attorney Michael Kondoudis (The Law Office of Michael E. Kondoudis), cryptocurrency-related trademarks in the United States have already topped 3,600 between January 1 and August 31, 2022.
Surprisingly, the total number of crypto trademark submissions for 2021 was 3,516, much fewer than the actual number of patents filed with the US Patent and Trademark Office (USPTO) so far this year, 3,899. Given that the data is only available until the end of August. It is realistic to anticipate that more applications will be submitted over the next four months.
After peaking in March with 604 new trademark applications, the number of new trademark applications in the United States has been steadily declining month after month following the Bitcoin market, concluding in August with 329 applications.
Non-fungible tokens (NFTs) are increasingly being employed by organizations and individuals seeking to reach out to customers while also hoping to profit from the value provided by digital artworks. Although NFTs are still in their infancy, most organizations emphasize trademarks as a product protection measure.
Finally, over 4,150 US trademark applications for metaverse, virtual, and Web3 were filed in 2022. The sum is more than triple the 1,866 filed throughout 2021.
After Facebook rebranded itself, Meta, in October 2021, interest in metaverse platforms has surged dramatically, as has an interest in investing in metaverse land.
As the metaverse becomes a more realistic and vivid reality, an increasing number of people will be interested in engaging in its social ecology. This tendency is expected to impact the metaverse real estate investment market greatly.
As the metaverse becomes a more realistic and vivid reality, an increasing number of people will be interested in engaging in its social ecology. This tendency is expected to impact the metaverse real estate investment market greatly. Typically, top artists like Miley Cyrus or big companies like LG, Meta, KFC…
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