October 13, 2022
By Anjali Kochhar
Even as 2022’s ruthless bear market has dealt a blow to the overall crypto market, the crypto winter has been unable to deter brands and companies around the world from venturing into the exciting world of NFTs.
As per the insights shared by United States Patent and Trademark Office Attorney Mike Kondoudis on Twitter, 6,366 trademark applications for NFTs and related blockchain goods have been filed.
This marks an almost 200% increase from 2021’s trademark applications, which was 2,142, roughly a third of this year’s figure.
March saw the highest number of applications, 1080 to be precise. September on the other hand recorded 435 applications making it the lowest for the year.
It is noteworthy that the monthly application numbers have consistently gone down since March 2022.
This news comes at a time with the overall NFT has been struggling, filled with FUD and concerns about the valuation of popular collections.
The Ford Motor Company also ventured into the NFT space by filing 19 trademark applications for all its major brands.
According to data from DappRadar, Solana-based NFT projects fared comparatively better in the month of September, managing to reach monthly sales of $133 million, compared to the $68.5 million from the month before.
Meanwhile, popular NFT marketplace OpenSea has taken a brutal hit this year thanks to the ongoing crypto winter.
About the author
Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.
