Trademark Functions For Metaverse And NFTs Stay Down Over 50% From 2022

The non-fungible token market, which beforehand skilled spectacular hype, is steadily turning into much less enticing. The current NFT pattern displays that investor curiosity has shifted in direction of different crypto property, resembling decentralized finance, shitcoins, and gaming.

Metaverse Patents Stay Down 50% From 2022

Information compiled by Mike Kondoudis, an accredited mental property lawyer, confirms that the variety of traders spurring to put money into the non-fungible token sector in the USA has decreased this yr in comparison with final yr.

The variety of new 2023 US #Metaverse trademark functions stays down greater than 50% from 2022

Jan: 279
Feb: 238
Mar: 352
Apr: 222

1st 1/3 of 2023 = 1091 apps
1st 1/3 of 2022 = 2424 apps#MetaverseNFT #Web3 #NFT #Logos #Crypto #VirtualReality #VR #AR #MR #XR #CryptoNews pic.twitter.com/jTZwgAjRX5

— Mike Kondoudis (@KondoudisLaw) Could 11, 2023

The USA Patents and Trademark Workplace has acquired 1,091 trademark functions associated to Metaverse this yr in comparison with 2,424 in 2022. The trademark workplace acquired 279 metaverse patents in January, 238 in February, 352 in March, and 222 in April. The entire NFT trademark functions have decreased by greater than 50% since 2022.

For the previous 4 months, the variety of traders showcasing curiosity in investing within the non-fungible token has additionally remained low. Because the begin of the yr, the trademark workplace has solely acquired 1,119 NFT functions, in comparison with 3,420 final yr.

NFT Patents Stay Down 66% From 2022

The USA Patents and Trademark Workplace acquired 312 NFT trademark functions in January, 255 in February, 345 in March, and 207 in April. Whole NFT trademark functions this yr are down greater than 66% in comparison with the identical time final yr.

In associated stories, the variety of crypto trademark functions filed in the USA this yr has additionally remained down about 66% from 2022. The trademark workplace acquired 208 crypto functions in January, 167 in February, 203 in March, and 141 in April. For the previous 4 months, the workplace has acquired solely 719 in comparison with 2,242 in 2022.

The variety of new 2023 US #crypto trademark functions stays down about 66% from 2022

Jan: 208
Feb: 167
Mar: 203
Apr: 141

1st 1/3 of 2023 = 719 apps
1st 1/3 of 2022 = 2242 apps#Cryptocurrency #DeFi #Blockchain #Bitcoin #Ethereum #Web3 #CryptoNews #Metaverse #Logos pic.twitter.com/5pQRXOfkER

— Mike Kondoudis (@KondoudisLaw) Could 11, 2023

Nonetheless, the variety of individuals spurring to put money into the nascent NFT and metaverse sectors is projected to extend as soon as the market retests hype. Daniel Alegre, the brand new Bored Ape NFT boss, not too long ago stated he seeks to revive NFTs by occasions and metaverse gaming.

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