2022 NFT trademark filings exceed last year’s figures

The harsh bear market in 2022 dealt a blow to the cryptocurrency market in general, affecting various parts of the industry such as DeFi, Web3 gaming, and even NFT.

However, it seems that the crypto winter has not been able to deter brands and companies around the world from venturing into the exciting world of NFT.

Mike Kondodis, a US patent and trademark attorney, shared some interesting numbers on Twitter that indicated continued interest in NFTs.

More than six thousand requests

Kondoudis advertiser That since the beginning of this year, 6,366 trademark applications for NFTs and related blockchain goods have been filed.

This is a nearly 200% increase over 2021’s trademark applications, which were 2,142, about a third of this year’s figure.

In March, there were the most apps, 1080 to be exact. On the other hand, September recorded 435 applications, making it the lowest for the year.

It is important to note that the number of monthly requests has been steadily declining since March 2022.

This news comes at a critical time as the overall NFT has been struggling, filled with research and development and concerns about the valuation of grassroots groups.

The fact that interest in NFT not only supported the bear market, but also managed to surpass last year’s figure, will come as a relief to NFT artists and investors.

AMBCrypto mentioned Earlier, NFT made its way into the music industry with famous names such as Sony Music trademark recording apps for NFT.

Ford Motor Company has also entered the NFT business Archive 19 trademark applications for all of its major brands.

NFT Statistics

The third quarter of 2022 was nothing short of a bloodbath for NFTs. a a report Published by DappRadar, NFT’s trading volume during this period fell to $713 million, down 84% from the previous quarter.

according to data From DappRadar, Solana-based NFT Ventures did relatively better in September, coming in at $133 million in monthly sales, compared to $68.5 million in the previous month.

Interestingly, the Ethereum Name Service now leads the best groups on DappRadar, in terms of volume, merchants, and sales. Its 30-day volume increased by 70% and reached $31.2 million. Also, sales are up almost 50% compared to last month, 556,575 to be exact.

Meanwhile, the popular OpenSea market NFT has taken a hard hit this year thanks to an ongoing crypto winter. Trading volume on the platform is down more than 90% from its peak in March. In addition, sales on the platform have been constantly declining for five consecutive months.

Kondoudis also subscriber Brand applications related to “digital or cryptocurrency and related goods/services” have surpassed last year’s figures. In 2022, there were 4,317 applications compared to 3,547 in 2021.

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