The English Premier League (EPL) has just filed two trademark applications connected to cryptocurrency and NFT in the United States. It looks that the most followed sports activities league in the planet are unable to disregard this “fertile” digital sports activities land.
Many international manufacturers are exhibiting escalating curiosity in NFT and the metaverse as component of an hard work to open much more avenues to connect with followers. In this stream, the English Premier League (EPL), 1 of the most watched sports activities leagues globally, is the most up-to-date to enter the metaverse with two trademark applications submitted to the Office of United States Patent and Trademark (USPTO) final 12 months. week.
The Premier League has filed two trademark applications in the United States
▶ ️ NFT, cryptocurrencies, digital + collectible tokens
▶️ Digital Asset Trading
️ Financial and cryptographic companies
▶ ️ Virtual clothes, footwear and sports activities products#NFT #Metaverse #Cryptocurrencies #Premier League pic.twitter.com/1tPOU0dIOp
– Mike Kondoudis (@KondoudisLaw) June 6, 2022
According to the filing, EPL intends to venture into other regions this kind of as NFT, cryptocurrency, digital collections, digital trading cards, cryptocurrency trading, clothes, footwear and devices, virtual sports activities products.
Previously, it was reported that Premier League organizers have been searching to earn practically $ 590 million from marketing NFT rights to other organizations.
The NFT market place has come to be really “hot” in current many years, continually obtaining numerous big gamers coming into the sector. One of the most crucial NFT tasks in the planet of sport is NBA high shotled the wave of NFTs with $ 230 million in product sales. The assortment not too long ago surpassed product sales by in excess of $ one billion, in accordance to CryptoSlam.
As the cryptocurrency market place is dealing with a number of waves of decline, NFT product sales Still no sign of slowing down. NFT has come to be a probable spot for celebrities, artists and cultural icons to connect with followers and foster a sense of local community.
In April, David Beckham launched 3 trademark application for metaverse and NFT connected solutions. Nike just filed for safety for the phrase “Cryptokicks” on April 19th. Or Meta not too long ago filed five trademark applications in the United States, suggesting the birth of the “Meta Pay” digital payment platform. Meta has previously filed eight trademark applications with the USPTO, describing the move as component of an hard work in direction of the digital economic climate. After a number of months of criticizing NFT on social media, superstar rapper Kanye West not too long ago filed 17 trademark applications relating to Yeezus, his sixth studio album, revealing strategies to release NFT in the potential.
Although the ideas of NFT and metaverse are comparatively new, the quantity of units brand safety is continually escalating. To observe report of the Finboldthe quantity of incoming orders USPTO demands safety NFT manufacturers in the US alone have grown much more than 400 occasions this 12 months.
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