Report: The Number Of Trademark Filings For Metaverse, NFTs, And Crypto Has Surged This Year

The figure of the submissions dealing with the United States-based trademarks for the Metaverse, Web3, non-fungible tokens, and cryptocurrencies this year has increased than the previous year.

Trademark Applications for Metaverse, NFTs, and Crypto Escalate in 2022

As per the data collected on the behalf of Mike Kondoudis (a lawyer specializing in intellectual property) on Tuesday, the businesses and individuals filed trademark applications numbered above 3,600 for crypto as well as the services related to it under the United States Patent and Trademark Office on 31st August. On the other hand, such applications – which were filed during 2021 – were nearly 3, 516 cumulatively.

Apart from that, it was reported by Kondoudis that the figure of NFT applications had elevated to a great extent at above 5,800 in 2022 in comparison with 2,087 in 2021. Simultaneously, the figure of the trademark filings dealing with Web3 or the Metaverse had reached above its double amount in August 2022 at 4,150 (from 1,866 in 2021).

The data provided in March brought to the front that the present year has witnessed the biggest figure of the filings throughout the entirety of the 3 types of applications. In this respect, those for non-fungible tokens were approximately 1,078, while those denoting cryptocurrencies were 604, and the Metaverse sector had 759 applications associated with it.

After that, in the 7th and 8th months of this year, the filed applications were the lowest in number. Mark Zuckerberg, the CEO of Meta, declared in March 2022 that the platform was readying to offer non-fungible token-related services on Instagram.

2022 Sees Trademark Application Filings by Well-Known Brands for Virtual Products or Crypto

On the 1st of this month, the reports pointed out that a trademark was filed by Hermès (a luxury brand) in the United States to utilize its title in the world of the Metaverse, virtual currency, as well as the non-fungible tokens. This was witnessed after the firm filed a legal case confronting Mason Rothschild (the founder of MetaBirkins) as it has allegedly taken benefit by using the brand name of the company “Birkin” to sell its non-fungible tokens.

Along with this, prominent companies inside as well as outside the field of cryptocurrencies such as the U.S. Space Force, Gatorade, McDonald’s, Mastercard, Formula One, and Meta, have all submitted their applications this year with the USPTO for blockchain, crypto, or virtual products.

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