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Massive surge on Trademark applications for crypto, NFTs and Metaverse

Trademarks filed related to cryptocurrencies, NFTs, Web3 and the Metaverse since January have reportedly passed those filed in 2021.

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Trademarks filed related to cryptocurrencies, NFTs, Web3 and the Metaverse since January have reportedly passed those filed in 2021.

According to data compiled by intellectual property lawyer Mike Kondoudis, individuals and businesses filed more than 3,600 trademark applications for cryptocurrencies and crypto-related services with the United States Patent and Trademark Office as of Aug. 31, compared to 3,516 in all of 2021. In addition, Kondoudis reported that the number of NFT applications had surged even higher  more than 5,800 in 2022 compared to 2,087 in 2021  while the number of trademark filings related to the Metaverse or Web3 had more than doubled: 1,866 in 2021 and 4,150 as of August 2022.

Data from March reportedly showed the largest number of filings in 2022 across all three application types, with 1,078 for NFTs, 604 for crypto and 759 for the Metaverse, while July and August generally had the lowest number of applications. Meta CEO Mark Zuckerberg announced in March that the company was preparing to make NFTs available on Instagram. Luxury brand Hermès had also filed a trademark application in the U.S. for use of its name in the Metaverse.

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