Highlights About Metaverse and NFTs: The Number Is Increasing!

With companies wanting to protect their property rights online, in 2022 metaverse The number of themed trademark applications exceeded last year’s.

Explosion in Metaverse and NFT Themed Patent Applications

This was noted by trademark attorney Mike Kondoudis, according to data shared on Tuesday. The attorney noted that from January to August, 4,182 US trademark applications were filed for Metaverse, virtual and web3 products and services.

While the number of applications averaged 523 per month, it peaked with 759 applications in March. A total of 1,866 trademark applications were filed last year.

The number of companies filing trademark applications for Web3 services peaked in late 2021 after a lawsuit involving NFT bags.

French luxury fashion brand Hermes has filed a lawsuit against Metabirkin NFT creator Mason Rotherschild, whose OpenSea collection includes digital versions of the iconic Birkin bag from Hermes.

While the lawsuit was pending, Hermes sought to further strengthen web3 trademark protection by filing a trademark application on August 26.

The US Patent and Trademark Office (USPTO) has stopped several Metaverse trademark applications for Gucci and Prada. In the applications made last year, it was revealed that the two applicants (Fenesha Holmes and Reath Mohammed) had no connection with the companies.

A similar increase in trademark applications is seen in NFT patents. According to Kondoudis, more than 5,800 trademark applications were filed in 2022. This figure was 2,087 for the full year 2021.

Metaverse and NFT projects in general cryptocurrency built on networks.

*Not investment advice.