The crypto money market continues to face with very serious decreases. Despite the bear market, many famous brands have filed for trademarks focused on the NFT, Metaverse and Web3 domain. In 2022, a total of approximately 4,000 trademark applications applied.

According to data shared by trademark attorney Mike Kondoudis, trademark applications in the metaverse and NFT fields reported so far in 2022. And also, they have already surpassed the number of applications in the entire 2021. Between January and August, trademarks in the metaverse, NFT and web3 domains filed 4,182 different trademark applications in the US for products and services. The numbers reached to an average of 523 per month. Accordingly, it reached its peak with 759 applications made in March 2022. Throughout the past year, 1,866 trademark applications applied.

The number of companies applying for trademarks

The number of companies applying for trademarks started to increase after an NFT lawsuit in late 2021. In this lawsuit, French luxury fashion brand Hermes sued Mason Rotherschild includes digital versions of Hermes’ iconic Birkin in its OpenSea collection. Finally, according to Kondoudis data, more than 5,800 trademark applications have been filed in NFT. Also, they’ve been filed metaverse domains so far in 2022. These applications amounted to 2,087 in the whole last year.

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