SNEAK PEEK
- NFT, metaverse and crypto trademark filings fell in December 2022.
- 341 NFT trademarks, 323 metaverse trademarks and 252 cryptocurrency trademarks were filed.
- March had the maximum number of trademark filings.
In June 2022, NFT Trademark Applications Filed in the United States Surpassed 4,000 from January 1, 2022 to May 31, 2022.
In September, it was reported that trademark applications for NFTs, crypto, and metaverse spiked in 2022. A number of popular firms filed trademarks around the time.
The next month, i.e. in October, there was the news that till date, 6366 U.S. trademark applications for NFTs filed in 2022. With this, the total number of trademarks surpassed the number of trademarks that were filed in 2021.
At the time, popular celebrities, brands, and influencers made a move into non-fungible tokens. For instance, Sony Music Entertainment, Moet Hennessy, Ninja Turtles, Slime, the Mean Girls and Miley Cyrus, all began their NFT journey.
In November 2022, NFTs, metaverses and crypto trademarks jumped to new heights in 2022.
However, things were not the same for the month of December. The fall in market conditions affected interest in trademark filings too.
Based on trademark attorney Mike Kondoudis’ recent Twitter update, the rate of new trademark filings for non-fungible tokens and similar goods and services decreased.
In December 2022, only 341 NFT-based trademarks were filed. The number is less than ⅓ of the applications filed in March, which were a total of 1089.
The rate of new trademark applications for NFTs and related goods/services continues to slow. Only 341 were filed in December, which is less than 1/3 of the 1089 filed in March
— Mike Kondoudis (@KondoudisLaw) January 5, 2023
2022 Total: 7746
2021 Total: 2154
2020 Total: 27#NFTs #Web3 #NFTCommmunity #Metaverse #MetaverseNFT pic.twitter.com/KneGIl0WxJ
In terms of metaverse trademark applications and virtual goods and services, only 323 were filed last month. Compared to March, when the number was 786, it was less than 1/2 .
The rate of new trademark applications for Metaverse and virtual goods/services continues to slow. Only 323 were filed in December, which is less than 1/2 of the 786 filed in March.
— Mike Kondoudis (@KondoudisLaw) January 5, 2023
2022 Total: 5850
2021 Total: 1914
2020 Total: 990#Metaverse #Web3 #NFTs #MetaverseNFT #NFT pic.twitter.com/k1SacZ2Zvj
Similar to NFTs and the metaverse, digital and cryptocurrency trademark applications also didn’t perform great in December. While in March the number was 625, it was only 252 in the last month.
The rate of new trademark applications for digital and cryptocurrencies continues to slow. Only 252 were filed in December, which is far less than 1/2 of the 625 filed in March.
— Mike Kondoudis (@KondoudisLaw) January 5, 2023
2022 Total: 5383
2021 Total: 3570
2020 Total: 1137#Crypto #Fintech #DeFi #Cryptocurrencies #Web3 pic.twitter.com/QCOgmxlN6i
The numbers are definitely shocking if we consider the rise in trademark applications throughout the year, especially in March when the filings were at their peak. On the note, which way the trademark applications would go in 2023 can’t be predicted as of now.
