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The non-fungible token (NFT) and metaverse worlds are growing at a very fast pace and this is currently being shown through the trademarks that are being filed in the ecosystem.
According to US Trademark lawyer Mike Kondoudis, the Web3.0 and Metaverse trademark-related applications for this year have already surpassed the total recorded in 2021.
According to data he posted, as many as 4,200 US trademark applications were filed for metaverse, virtual, and web 3 goods and services within the first 8 months of this year. Additionally, the NFT-specific trademarks have already outpaced that of last year with crypto-hinged trademarks also hitting impressive figures.
The metaverse might be adjudged as a relatively new space, but a number of companies are betting big on the potential innovation they can usher in.
Many are actively throwing their hats in the ring with trademark applications. Should these trademarks be granted, the law will protect the unique innovation that is being pushed forward by these firms, a move that can grant a very unique competitive advantage in the next few years.
Amongst the companies pushing for these metaverse-linked advances is tech giant, Meta Platforms Inc. The company changed its name from Facebook Inc last year as it looks to change its overall outlook from a predominantly social media outfit to a metaverse-focused one.
The embrace of the metaverse by Meta Platforms has shown how much traditional or Web 2.0 companies are moving in serious tandem with technological advances in the Web 3.0 space.
Besides the trademark filings, investors are also getting ready for the future metaverse and Web 3.0 world through cash injections into protocols building infrastructure in the space.
Amongst the platforms being bankrolled includes Magic Eden and Playful Studios to mention a few. With bets being heightened across the board, consumers and prospective users are only waiting for the featured platforms to deliver on their promises.
Image source: Shutterstock
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