Luxury Watchmaker Rolex Files Trademark Application for Crypto and NFT-related Services

NFT

Swiss luxurious watchmaker Rolex has filed a trademark utility, revealing plans to offer crypto and NFT-related providers.

Rolex, one of many main international watch designing and manufacturing companies, just lately filed a trademark utility with the USA Patent and Trademark Workplace (USPTO), revealing its plans to launch a collection of product choices associated to cryptocurrency alternate and NFT choices.

The British-founded luxurious watchmaker filed the trademark utility with serial quantity 97655284 on October 31, as disclosed by a U.S. Supreme Court docket Bar member and licensed trademark legal professional Mike Kondoudis on Monday.

“Luxurious watchmaker #ROLEX has filed a trademark utility claiming plans for:

• NFTs + NFT-backed media + NFT marketplaces

• Crypto keys and transactions

• Digital and cryptocurrency alternate + switch,” Kondoudis remarked in a tweet.

Based on the knowledge disclosed by the completed USPTO-licensed legal professional, Rolex seeks to launch an NFT market and a platform for NFT auctioning alongside providers involving cryptocurrency alternate and a digital asset pockets.

Information from the trademark utility shared by Kondoudis reveals that Rolex intends to make use of the trademark in areas involving:

• Downloadable applications and media information containing NFTs and digital collectibles.
• Downloadable applications for use as digital wallets and downloadable cryptographic keys to be used in receiving and spending cryptocurrencies.
• An internet platform to facilitate an auctioning service involving NFT-based digital objects and digital collectibles.
• A digital platform serving as an NFT market for events seeking to purchase and promote NFTs and digital collectibles.
• Offering providers involving cryptocurrency alternate, switch of digital belongings amongst customers, and administration of cryptocurrencies.

This improvement could be one in every of Rolex’s most direct involvements with the cryptocurrency scene, because the main watchmaking model has not embraced the nascent business as a lot as different watchmakers, corresponding to Jacob & Co, which unveiled its limited-edition Bitcoin-themed luxurious watch late-August.

Moreover Jacon & Co, Switzerland-based luxurious watchmaking agency Tag Heuer has additionally proven extra curiosity in cryptocurrencies than Rolex. The LVMH-owned luxurious watchmaking model, Might, collaborated with crypto fee processor BitPay to simply accept crypto for its luxurious watches.

As cryptocurrency adoption sees a surge, Rolex, which has to this point remained a spectator within the scene, is seeking to soar on the practice, particularly with different prime rivals getting concerned.

Moreover Rolex, The Crypto Fundamental has highlighted different prime manufacturers’ crypto-focused trademark functions, together with Nissan, VISA, and Western Union. This surge of crypto-related trademark functions underscores the rising curiosity in cryptocurrencies amongst main companies.