2019 Has Been The Year Of Crypto Trademarks and Blockchain Patents In The US
Cryptocurrencies have increasingly become more popular since 2017 and the companies that deal with them have to do whatever it takes to stay on top of this ecosystem. In the US alone, there have been “dozens” of filings for trademarks.
This information can be gotten from the U.S. Patent and Trademark Office (USPTO) which shows that the biggest companies in the US want to get on the crypto hype train. Some of those names are MasterCard, Nike, Amazon, and Walmart, among others.
Earlier this week we had reported about Nike entering the crypto market with a new patent. the intention is to register a patent with the phrase “Cryptokicks.” The application explains that they want to extend beyond making simply collectible crypto clothes, but they want to offer online marketplace services for buyers and sellers of digital currencies.
In December 2018, Samsung submitted 3 trademarks for blockchain smartphone features. One of these trademarks affirmed that the company had plans to offer a crypto cold wallet on its new smartphone, Samsung S10.
Although many of the filings with the USPTO is not to be taken seriously like “In Crypto We Trust” is an educational service, “Crypto for Idiots” is a podcast project, “Cuts for Crypto” is a men’s grooming service, “Middle Finger Money” is a new coin, and “Crypto Vodka” is an alcohol company.
The USPTO reveals that it’s possible even hundreds of patents have been filed, and some of them have already gone through the full registration process. However, it is not clear as to when a lot of these projects will come to light, if ever. Some companies file trademarks just to protect their branding or to claim interest over something that may not come for years. Others may look to move forward much faster.