Since the beginning of the year, more trademark applications for digital currencies, NFTs, Web3, and the Metaverse have been submitted in the United States than in all of 2021.

 

Ahead of that, you may want to educate yourself with the concept of Metaverse, read about an endeavor by Art Blocks that will allow users to quickly and easily create an entire collection of a new engine.

 

More than 3,600 trademark applications for cryptocurrencies and crypto-related services were submitted to the United States Patent and Trademark Office as of August 31, according to statistics collated by intellectual property lawyer Mike Kondoudis on Tuesday. In comparison, just 3,516 trademark applications were filed for cryptocurrencies and crypto-related services in all of 2021. While trademark registrations for the Metaverse or Web3 have more than quadrupled from 1,866 in 2021 to 4,150 as of August 2022, the number of NFT applications has increased even more, according to Kondoudis (from more than 5,800 in 2022 to 2,087 in 2021).

Across all three application categories in 2022, March allegedly had the highest number of files (1,078 for NFTs, 604 for crypto, and 759 for the Metaverse), while July and August typically saw the lowest. Mark Zuckerberg, CEO of Meta, said in March that Instagram would soon support NFTs.

 

After initiating a lawsuit against MetaBirkins creator Mason Rothschild for allegedly benefitting from the sale of NFTs with the company's Birkin brand name, Cointelegraph reported on September 1 that Hermès has filed a trademark application in the U.S. for usage of its name in the Metaverse, NFTs, and virtual currency. The US Space Force, Meta, Formula One, MasterCard, McDonald's, Gatorade, and other big companies have all filed patents with the USPTO in 2022, showing that they are interested in virtual items or blockchain technology.

Want to be informed of all the latest developments in web3? Follow us on Twitter.

Related articles: 

• ETH raises a toll on blue chip NFT projects

• Proof's New NFT Collection and $50 Million Funding Announced

• How to Find Blue-Chip NFT Collections and What They Are

• The Launch of a New Platform by X Marketplace to Connect NFT Holders with Brands Requiring IP Licensing