There has been a dramatic increase in the number of companies applying for nonfungible tokens (NFTs), metaverse-related virtual goods and services, and cryptocurrencies in 2022.
According to data compiled by licensed trademark attorney Mike Kondoudis, the number of trademark applications filed for digital currencies, as well as their related goods and services, has reached 4,708 as of the end of October 2022 — surpassing the total number filed in 2021 (3,547).
the number of firms seeking nonfungible tokens (NFTs), metaverse-related virtual goods and services, and cryptocurrencies has risen sharply in 2022.
The number of trademark applications filed for digital currencies, as well as their related goods and services, has reached 4,708 as of the end of October 2022 — surpassing the total number filed in 2021 (3,547).
Thru October, 4708 US trademark apps have been filed for digital/cryptocurrencies + related goods/services
— Mike Kondoudis (@KondoudisLaw) November 7, 2022
Jan: 481
Feb: 541
Mar: 612
Apr: 589
May: 561
June: 461
July: 416
Aug: 345
Sep: 378
Oct: 324
The 2021 total was 3547#Crypto #Fintech #DeFi #Cryptocurrencies #Web3 #NFTs pic.twitter.com/kqaIeRyFd9
Despite the recorded decline in NFT trading volume and sales, the desire for NFTs as a technology still appears to be on the rise. According to Kondoudis’ statistics, the number of trademark applications for NFTs and their related products increased from 2,142 in 2021 to 6,855 as of October 2022.
Thru October, 4997 US trademark apps have been filed for Metaverse and virtual goods/services:
— Mike Kondoudis (@KondoudisLaw) November 7, 2022
Jan: 417
Feb: 573
March: 773
April: 577
May: 549
June: 550
July: 398
Aug: 428
Sept: 398
Oct: 334
The 2021 total was 1890#Metaverse #Web3 #NFTs #MetaverseNFT #VirtualReality #NFT pic.twitter.com/lbsXapld0N
Thru October, 6855 US trademark apps have been filed for NFTs and related goods/services
— Mike Kondoudis (@KondoudisLaw) November 7, 2022
Jan: 644
Feb: 789
Mar: 1082
Apr: 898
May: 767
June: 729
July: 542
Aug: 522
Sept: 445
Oct: 437
The 2021 total was 2142.#NFTs #Web3 #NFTCommmunity #Metaverse #MetaverseNFT #NFT pic.twitter.com/J9xj2UdPrP
Late last month, several companies filed new trademark applications to join the Web3 ecosystem. On October 21, Ulta cosmetics and beauty company filed a new trademark application that includes NFTs and virtual makeup services among its offerings.
The luxury watchmaker Rolex also filed an application for a trademark for NFTs, NFT-backed media, NFT marketplaces, and a cryptocurrency exchange.