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Data analysis shows that the non-fungible token and the metaverse market, which previously gained much traction, have become less attractive. The recent market trend shows investors’ interests have shifted from NFTs to digital assets such as meme coins, crypto tokens, and play-to-earn gaming.
NFT Patents Down 75% From 2022
Data compiled by Mike Kondoudis, an accredited intellectual property attorney, confirms that the number of investors previously motivated to invest in the non-fungible token sector in the United States has significantly decreased this year compared to last year.
As of May, the United States Patents and Trademark Office had received 1,406 trademark applications for non-fungible tokens. The recorded figures represent a 75% drop from 4,242 NFT trademark applications in 2022. The trademark office received 325 NFT patents in January, 265 in February, 358 in March, 215 in April, and 243 in May.
The rate of new 2023 US #NFT trademark applications remains down about 2/3 from 2022
Jan: 325
Feb: 265
Mar: 358
Apr: 215
May: 2431/2023 – 5/2023 = 1406 apps
1/2022 – 5/2022 = 4242 apps#NFTs #Web3 #Blockchain #NFTCommunity #MetaverseNFT #Metaverse #Trademarks #Crypto pic.twitter.com/eZTWDaigW1— Mike Kondoudis (@KondoudisLaw) June 12, 2023
The Metaverse Patents Down 50% From 2022
For the past five months, the number of investors showing interest in investing in the nascent metaverse sector has also remained low. Since the beginning of the year, the United States Patents and Trademark Office have received only 1381 metaverse applications compared to 3,011 last year.
The rate of new 2023 US #Metaverse trademark applications remains down about 1/2 from 2022
Jan: 289
Feb: 244
Mar: 361
Apr: 228
May: 2591/2023 – 5/2023 = 1381 apps
1/2022 – 5/2022 = 3011 apps#MetaverseNFT #Web3 #NFT #Trademarks #Crypto #VirtualReality #VR #AR #MR #XR pic.twitter.com/sqfNtLcRlo— Mike Kondoudis (@KondoudisLaw) June 12, 2023
The regulatory agency received 289 metaverse applications in January, 244 in February, 361 in March, 228 in April, and 259 in May. The new United States metaverse trademark applications rate in 2023 has remained down about 50% from 2022.
In related reports, the number of new crypto trademark applications in the United States this year has remained down about 75% from 2022. The trademark office received 925 applications compared to 2,832 in 2022. The regulatory office received 213 crypto trademark applications in January, 172 in February, 212 in March, 145 in April, and 173 trademark applications in May.
The number of new 2023 US #crypto trademark applications remains down about 2/3 from 2022
Jan: 213
Feb: 172
Mar: 212
Apr: 145
May: 1731/2023 – 5/2023 = 925 apps
1/2022 – 5/2022 = 2832 apps#Cryptocurrency #DeFi #Blockchain #Bitcoin #Ethereum #Web3 #NFT #Trademark #CryptoNews pic.twitter.com/BC2jzG7vsJ— Mike Kondoudis (@KondoudisLaw) June 12, 2023
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