13 June 2022 11:26, UTC
Studying time: ~2 m
Because the cryptocurrency market expands, so does one main a part of it that’s more and more leveraged by corporations and people in search of to work together with their viewers in additional methods – non-fungible tokens (NFTs).
Certainly, NFT-related emblems in the US surpassed 4,000 from January 1 to Might 31, 2022, in accordance with the information and chart printed by trademark and patent lawyer Michael Kondoudis (The Regulation Workplace of Michael E. Kondoudis) on June 13.
Particularly, the exact quantity is 4,049, which signifies that, on common, 27 new NFT emblems had been filed per day in 2022. Kondoudis’s tweet additionally in contrast the information from the identical interval in 2021, when solely 363 of those emblems had been filed with the U.S. Patent and Trademark Workplace (USPTO).
As for 2022, the best month was March, when 1,023 new NFT emblems had been registered. January noticed the bottom variety of all of the months noticed up to now – 637, whereas there have been 770 new emblems in February, 876 in April, and 743 in Might.
Speedy progress of NFT market
It’s price noting that in mid-February, Finbold reported that the variety of NFT trademark purposes within the U.S. in 2021 stood at 1,263, representing a 421-fold progress from mere three filings in 2020.
The present progress is 1,349 instances in comparison with the whole 2020 and has already surpassed the whole 2021, regardless of 2022 solely midway gone.
That stated, a brand new survey has proven that the first motive most individuals buy NFTs is “to generate income.” Particularly, 64.3% of the 1,318 individuals polled stated this was their fundamental motive for leaping on the NFT bandwagon.
Different causes included neighborhood and flexing (14.7%), gathering digital artwork (12.4%), and accessing video games and instruments (8.6%).