Despite the widespread recession in related markets, multinational companies do not seem to have slowed down their trademark applications related to Web3, cryptocurrencies, non-fungible tokens (NFTs) and the metaverse.
The month of February, which is drawing to a close, has seen the likes of General Motors, Lacoste and Walmart make an appearance with Web3-related trademark applications.. January was an even busier month.
One of the latest NFT-related requests was from car giant General Motorsthat presented two new trademark applications on February 16 for its Chevrolet and Cadillac brands.
According to the request, the company is interested in downloadable digital files containing collectible artwork, text, audio and video authenticated as non-fungible tokens.
GM has filed a pair of new applications to trademark:
The applications cover NFT-authenticated media files.#NFTs #Web3 #GM #Chevy #Cadillac pic.twitter.com/otf2PNH3fP
—Mike Kondoudis (@KondoudisLaw) February 21, 2023
GM has filed a pair of new trademark applications for Chevrolet and Cadillac. The requests refer to media files authenticated by NFT. #NFT #Web3 #GM #Chevy #Cadillac pic.twitter.com/otf2PNH3fP
A day later, on February 17, the French clothing giant lacoste presented five trademark registration applications for “CHAMPS-ELYSEES”. The applications detail plans for NFTs, cryptocurrency trading software, virtual clothing, virtual goods stores, and virtual real estate services..
In early February, USPTO-licensed trademark attorney Mike Kondoudis shared on Twitter that American multinational retailer Walmart had filed trademark applications for the “SamsClub” name and logo..
The retail giant he claimed have plans for NFTs, blockchain software, virtual reality healthcare, cryptocurrency trading, brokerage, and financial services.
January was no different; there were Web3, NFT, metaverse and cryptocurrency related trademark applications filed by pet food company Pedigree, insurance company Nationwide, Irish distillers Jameson, French fashion giant Yves Saint-Laurent and even the National Geographic Societyamong others.
Speaking to Cointelegraph last month, Kondoudis said the trademark registrations are “reliable signs of future plans to use trademarks for the products and services listed in the applications.”.
Besides, despite the bear market, there were a record number of trademark applications for NFTs, the metaverse and cryptocurrency-related products in 2022noted the intellectual property lawyer.
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