NFT and blockchain-related trademarks filed in the US surpass 6,000 in 2022, 3x 2021 figure

NFT

Non-fungible tokens (NFTs) and blockchain expertise are on the forefront of a pattern that’s seeing main components of the cryptocurrency market change into more and more leveraged by firms and people in search of to work together with their viewers in additional methods.

Certainly, NFT and blockchain-related emblems in the USA surpassed 6,000 from January 1 till September 30, in line with the information and chart revealed by trademark and patent lawyer Michael Kondoudis (The Regulation Workplace of Michael E. Kondoudis) on October 5.

“To date this 12 months, 6,366 US trademark apps have been filed for NFTs and associated blockchain items and providers,” Konduodis said.

Curiously, the 2021 whole was 2,142, slightly below 3 times lower than this 12 months’s 9 months. As for 2022, the best month was March, when 1,080 new NFT emblems had been registered. Since then, there was a gradual decline every month, with September recording the bottom variety of purposes (43%), as per U.S. Patent and Trademark Workplace (USPTO). 

Soley NFT emblems in 2021

It’s value noting that in mid-February, Finbold reported that the variety of NFT trademark purposes within the US in 2021 stood at 1,263; in the meantime, simply three trademark purposes had been filed in 2020.

In accordance with a survey, the first motive most individuals buy NFTs is “to make cash.” Particularly, 64.3% of the 1,318 individuals polled mentioned this was their essential motive for leaping on the NFT bandwagon. 

Retail curiosity in NFTs on the wane

Elsewhere, the curiosity in NFTs amongst retail buyers continues to say no; specifically, the gross sales of NFTs on OpenSea – the most important market for digital collectibles – plummeted within the third quarter of 2022, down 60% in comparison with the second quarter.

Earlier, in August, knowledge had proven that the NFT commerce exercise in Q2 had already plummeted 40% because the curiosity in digital collectibles dwindled.

Some within the cryptocurrency neighborhood, like Katie Haun, head of a $1.5 billion Web3 VC firm Haun Ventures, stay optimistic about NFTs and imagine they’ll finally make a return. 

In accordance with her, the general pattern towards a digital world can be the first driver of this return. In her opinion, this transition would allow many new use circumstances offered the infrastructure is improved, “extra environment friendly and user-friendly.”