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Trademark Applications For Metaverse And NFTs Remain Down Over 50% From 2022

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The non-fungible token market, which previously experienced impressive hype, is gradually becoming less attractive. The recent NFT trend reflects that investor interest has shifted towards other crypto assets, such as decentralized finance, shitcoins, and gaming.

Metaverse Patents Remain Down 50% From 2022

Data compiled by Mike Kondoudis, an accredited intellectual property attorney, confirms that the number of investors spurring to invest in the non-fungible token sector in the United States has decreased this year compared to last year.

The United States Patents and Trademark Office has received 1,091 trademark applications related to Metaverse this year compared to 2,424 in 2022. The trademark office received 279 metaverse patents in January, 238 in February, 352 in March, and 222 in April. The total NFT trademark applications have decreased by more than 50% since 2022.

For the past four months, the number of investors showcasing interest in investing in the non-fungible token has also remained low. Since the start of the year, the trademark office has only received 1,119 NFT applications, compared to 3,420 last year.

NFT Patents Remain Down 66% From 2022

The United States Patents and Trademark Office received 312 NFT trademark applications in January, 255 in February, 345 in March, and 207 in April. Total NFT trademark applications this year are down more than 66% compared to the same time last year.

In related reports, the number of crypto trademark applications filed in the United States this year has also remained down about 66% from 2022. The trademark office received 208 crypto applications in January, 167 in February, 203 in March, and 141 in April. For the past four months, the office has received only 719 compared to 2,242 in 2022.

Nonetheless, the number of people spurring to invest in the nascent NFT and metaverse sectors is projected to increase once the market retests hype. Daniel Alegre, the new Bored Ape NFT boss, recently said he seeks to revive NFTs through events and metaverse gaming.

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