NFT
NFT-related emblems fell for 10 straight months after March of 2022.
The very best variety of emblems filed to the US Patent and Trademark Workplace (USPTO) have been 1,089 in March, in response to USPTO knowledge compiled by trademark lawyer Mike Kondoudis. However by December, they’d fallen to 341 purposes — a 69% lower from the yr’s excessive.
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Regardless of the regular fall in trademark purposes, the variety of NFT-related emblems filed in 2022 had greater than tripled these filed in 2021. Manufacturers who filed NFT-related emblems final yr embrace Kanye West’s Yeezus and Sony Music, the document label behind Adele and different high music artists.
Companies file emblems for digital belongings like NFTs to guard their mental property in digital areas and stop “copy cats,” The Block beforehand reported.
Falling trademark purposes correlate to the depressed market situations final yr. Weekly buying and selling quantity for gaming and artwork NFTs peaked on Could 1, 2022 at $1.2 billion, The Block’s Knowledge Dashboard exhibits.