Emblems filed for NFTs, metaverse and cryptocurrencies soar to new ranges in 2022

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

In keeping with 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 tip of October 2022 — surpassing the entire quantity filed in 2021 (3,547).

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 an enormous urge for food for the metaverse and its associated merchandise, regardless of the setbacks the ecosystem has confronted in turning into absolutely useful.

The need 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. In keeping with Kondoudis’ statistics, the entire 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?

Inside the previous month, a lot of corporations have filed contemporary trademark purposes to hitch the Web3 ecosystem. On Oct. 21, make-up and beauty large Ulta filed a trademark software for plans to incorporate NFTs and digital make-up and salon companies amongst its choices.

Luxurious watchmaker Rolex additionally filed a trademark software with plans to carry NFTs, NFT-backed media, NFT marketplaces and a cryptocurrency trade to its empire.