US' 2022 Web3 Trademark Filings 3 Times Over 2021's Total So Far

blockchain.news:

The number of non-fungible tokens (NFT) and other blockchain-related trademark applications filed in the United States this year has already outstripped the entire total from last year by 3-to-1.

In 2021, a total of 2,142 NFT-related trademarks were filed, but by the end of September 2022, there were 6,366 such trademarks submitted — a  total that has already nearly tripled in 2022 compared to the entirety of 2021 — based on U.S. Patent and Trademark Office data compiled by the trademark attorney Mike Kondoudis.

March of this year saw the most NFT-related trademarks filed in the US, with 1,080 submitted. While, every subsequent month in 2022 had lower filings, with a 15% decrease between August and September of this year.

The trading volume of NFTs between May and June fell 74%, previous data from The Block Research showed as per a report from Blockchain.News.

The trading volume for May was $4 billion, while June saw $1.04 billion.

The Block reported that, to date, the 74% decrease is the largest month-over-month drop in NFT marketplace trading volume; the previous low was 48%, which occurred between February and March this year.

The data showed that the dominant player in the NFT marketplace in June was OpenSea, with $696 million in total volumes for that month. It represented 67% of the month's total monthly volume.

However, NFT-related trademark filings in March surpassed what 2021 had in its entirety and despite the month-over-month decreases until September 2022.

A few popular companies that filed trademarks this year include McDonald’s, Crocs, CVS and even the television personality Dr Oz.

Although web3-related trademark filings have increased, it does not necessarily mean that these companies intend to launch such