NFT-related trademarks saw parabolic decline after March 2022
NFT
www.theblock.co
05 January 2023 16:29, UTC
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NFT-related logos fell for 10 straight months after March of 2022.
The best variety of logos filed to america Patent and Trademark Workplace (USPTO) had been 1,089 in March, in line with USPTO knowledge compiled by trademark legal professional Mike Kondoudis. However by December, they’d fallen to 341 purposes — a 69% lower from the 12 months’s excessive.
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Regardless of the regular fall in trademark purposes, the variety of NFT-related logos filed in 2022 had greater than tripled these filed in 2021. Manufacturers who filed NFT-related logos final 12 months embody Kanye West’s Yeezus and Sony Music, the file label behind Adele and different high music artists.
Corporations file logos for digital property 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 12 months. Weekly buying and selling quantity for gaming and artwork NFTs peaked on Could 1, 2022 at $1.2 billion, The Block’s Information Dashboard exhibits.
