Kondoudis said 2022 saw a diverse range of sectors filing for NFT trademarks — from grocery stores, pet food brands, sports teams and leagues, cities, casinos and even game shows.NFT patents give companies the edge“These trademark filings are reliable signals of future plans to use marks for the products and services listed in the applications.”
Speaking to Cointelegraph, Ralph Kalsi, CEO of Blockchain Australia believes diving into the NFT patent space can bring significant growth opportunities for companies., companies holding patents in the space can capitalize on the possible growth by licensing their technology or developing their own NFT-based products and services.
He believes the NFT patent space is a “promising area” that can establish a company as a leader by being an early adopter of NFT technology.He added that it’s advantageous in the early stage of NFTs to own related patents as it could provide a competitive edge and prevent others from using “similar technology without permission.”
According to a Jan. 5 tweet from Kondoudis, applications relating to NFTs totaled 7,746 in 2022, a nearly 260% increase from 2021. 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