Metaverse trademarks plummet in 2023; End of virtual revolution?

Metaverse was trending in 2021 and early 2022. Many companies around the world started building businesses and marketing strategies around the metaverse, and even the Facebook Group changed its name to Meta Platforms, Inc. (NASDAQ: META) amid promises of launching its own version of the metaverse.

However, the bear market came to the crypto industry, and the interest in the metaverse has plummeted in the last months. At least this is what data from the US Patent and Trademark Office (USPTO) suggests, shared by the expert trademark attorney, Mike Kondoudis (@KondoudisLaw) on X (formerly Twitter).

“The pace of new US trademark applications relating to the metaverse continues to lag behind last year. The number remains down about half from 2022. YTD [year-to-date] Total: 2271.”

— Mike Kondoudis (@KondoudisLaw)
New metaverse trademark applications in 2023. Source: @KondoudisLaw

“By comparison, through August of 2022, the USPTO received about 4,500 applications relating to the metaverse and virtual goods and services.”

— Mike Kondoudis (@KondoudisLaw)

Metaverse trademarks and interest in a downtrend

Cryptocurrency

Over 230,000 tickets claimed on Valicit marketplace for Numi metaverse event

Stocks

Is META in danger? Analyst says stock is 'huge wave about to crash'

Cryptocurrency

5 cryptocurrencies to avoid trading next week

Technology

Here's how Threads performed after Jim Cramer said app 'killed Twitter'

Stocks

Ray Dalio doubles down on these two top-tier tech stocks

Notably, August was just a better month than July, in terms of the number of registered trademarks related to the metaverse. Having 258 and 214 new registered trademarks respectively, according to USPTO data.

March was the best year in registrations, with 401 new metaverse trademarks. The rest of 2023’s months floated between 265 to 296 applications but with a visible downtrend in the last few months.

Interestingly, this downtrend can also be seen on Google searches for the word ‘metaverse’.

Searchers for ‘metaverse’ in the last 3 years worldwide. Source: Google Trends

The interest spike happened in October 2021, and the all-time high interest in the first week of January 2022 (between January 2 to 8). Since then, global interest in the metaverse has been in an observable downtrend.

In this context, many metaverse cryptocurrencies have lost massive percentages of their value and market capitalization, as interest and adoption keep falling over the months.

Comments

Post a Comment

Popular posts from this blog

Barry Silbert deletes old tweets amid GBTC selloff

Under-fire Digital Currency Group founder Barry Silbert has apparently deleted a raft of his old tweets . According to his X (formerly Twitter) account, Silbert signed up in October 2011, however, at the time of writing, his timeline shows no tweets or replies older than January 5 this year. Luckily for die-hard Silbert fans, X user Pledditor has screenshotted some of his “greatest hits.” Looks like @BarrySilbert has deleted all his old tweets The good news? I have screenshotted some of his greatest hits pic.twitter.com/GLWPbCf5mN — Pledditor #FixTheFilters (@Pledditor) January 15, 2024 Read more: Former DCG advisor Larry Summers on list of Jeffrey Epstein’s ‘Harvard friends’ Among the messages saved by Pledditor is a classic in which Silbert brands himself a “ complete and total professional failure ,” and one in which he advises Dogecoin holders to convert it to bitcoin. It’s not clear what prompted Silbert’s Social Media cull but he’s currently taking Social Media flak
Read more

Trader Issues Warning on Solana Rival That’s Up 247% in One Month, Updates Outlook on LDO and One Other Altcoin

Image
A widely followed crypto strategist warns that a Solana (SOL) competitor that’s up more than 3x in the last 30 days is flashing signals that it may have printed a short-term top. The pseudonymous analyst known as Altcoin Sherpa tells his 205,700 followers on the social media platform X that while layer-1 blockchain Sei (SEI) is still in an uptrend, it starting to show signs of bullish exhaustion. “Why it looks good: -consolidation and highly bullish high time frame market structure -still bullish on all time frames -EMAs (exponential moving averages) all catching up + other alts looking strong Why it doesn’t: -could be an exhaustion pump here and last big move up -could be rotation from others (SOL/SEI/etc/) to ETH season also known as ARB/LDO/OP -dying volume/some signs of distribution here.”  Source: Altcoin Sherpa/X At time of writing, SEI is trading for $0.785, up over 247% from its 30-day low of $0.226. The trader is also keeping an eye on the price
Read more

Nuant becomes a member of the OpenWealth Association

On January 18, Nuant joined the OpenWealth Association, contributing to advancing digital assets risk management within Swiss banking, WealthTech, and traditional finance, per the information shared with Finbold. In doing so, Nuant recently joined traditional finance entities such as Credit Suisse, LGT, VP Bank, and WealthTech firms like Assetmax and InvestSuite. This strategic partnership represents a noteworthy progression in crypto investment risk management within Switzerland’s financial sector. The OpenWealth Association aims to establish, uphold, and implement open Application Programming Interface (API) standards within the global wealth management community. This commitment aims to facilitate seamless financial data exchange among institutions. Nuant as representative of the CeDeFi sector Cryptocurrency Anthony Scaramucci says Bitcoin to skyrocket to $170,000 by 2025 Cryptocurrency Donald Trump says he’ll ‘never allow a CBDC’ if elected
Read more