According to recent trademark data from the USA, interest in Non-Fungible Tokens (NFTs) remains high in 2022. So far this year, the number of NFT trademark applications submitted has topped all of previous year’s applications. According to statistics from intellectual property lawyer Mike Kondoudis, there have been 1967 NFT-related applications submitted so far in 2022. In the whole year of 2021, there were only 1965 such applications. According to the statistics, the boom in 2021, which saw the overall market value rise from $95 million to $25 billion in a year, is showing no signs of slowing down.
NFT Trademark applications in 2022
Several well-known businesses have applied for NFT and metaverse-related trademarks as a result of their expanding popularity until 2021. Burger King, WWE, Playboy, and DKNY all have intentions to issue NFTs and create a foothold in the metaverse. American Express, a credit card company, has also applied for NFT-related trademarks.
Several large IT companies have also launched their own markets to cash in on the NFT frenzy. Meta, the parent company of Facebook, has announced intentions to integrate NFTs into its popular social media site Instagram. GameStop’s marketplace, which is built on Loopring, launched earlier this week. Line, a popular Japanese social networking platform, has recently unveiled its own NFT marketplace also.
The rising popularity of the media has inspired a slew of celebrities to create their own tokens. Snoop Dogg, the famed rapper, debuted a new collection of music tokens inspired by ApeCoin (APE) and the Bored Ape Yacht Club earlier today. NBA player LeBron James, as well as singer Cher and action movie icon Chuck Norris, are also newcomers to the NFT realm this year, having applied for token-related trademarks.