uspto

The non-fungible token and metaverse continue gaining mainstream adoption, despite the ongoing bear market, with the number of investors and companies filling trademarks surging threefold in 2022.

On November 7, Mike Kondoidus, the intellectual trademark attorney, shared a comprehensive report confirming that the firms filing trademarks for non-fungible tokens and metaverse-related goods have grown significantly in 2022.

Patent Filling Increases In 2022

According to Kondoudis, the trademark applications filed to United States Patents and Trademark Office (USPTO) related to NFT alone have grown significantly from 2,142 in 2,021 to 6,855 applications by the end of October.

Moreover, the trademark applications filed for digital currencies and related goods and services have reached 4,708 as of October 2022, surpassing the total number of filed applications in 2021. The regulatory agency received 3,547 applications the whole of last year.

From last year, the number of trademark applications filed for the metaverse and its related virtual goods and services has increased twofold from the 1,890 filed applications in 2021 to 4,997 as of October.

Despite the ongoing crypto market meltdown, which has left many digital assets losing more than 70% of their value, the number of companies showcasing interest in investing in the NFT and the metaverse market shows little signs of slowing down.

Trademark Applications Increase In November

Earlier this month, the makeup and cosmetic giant Ultra filed trademark applications with United States Patents and Trademark Office to launch the NFTs collection, virtual makeup, and other solon services.

Last week, the luxury watchmaker Rolex also filed trademark applications related to crypto, metaverse, and non-fungible tokens. According to submitted documents, Rolex plans to introduce NFTs, NFT-backed media, NFT marketplaces, crypto keys and transactions, virtual goods auctions, and virtual and digital asset exchange.

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