Kevin Helms
An Austrian economics student, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.
Ecommerce Giant Ebay Files Trademark Applications Covering a Wide Range of Metaverse, NFT Services – Metaverse Bitcoin News
E-commerce giant Ebay has submitted two trademark applications covering a wide range of products and services related to metaverse and non-fungible tokens (NFT).
Ebays NFT, Metaverse Trademark Applications
Ebay Inc. (Nasdaq: EBAY) filed two trademark applications with the United States Patent and Trademark Office (USPTO) last week covering a wide range of products and services related to non-fungible tokens (NFT) and metaverse.
A USPTO-licensed trademark attorney, Mike Kondoudis, tweeted Tuesday: “Ebay Inc. is coming to the meta-verse.” He explained that the listings indicate the e-commerce giant’s plans for virtual good marketplaces, online stores with real and virtual goods, NFTs, NFT exchanges and NFT trading. The application serial numbers are 97473696 and 97473620.
One day before Ebay submitted the two trademark applications, the company announced that it had acquired the NFT marketplace Knownorigin. According to Ebay, the two companies signed and terminated the agreement on June 21.
Ebay CEO Jamie Iannone described at the time: “Ebay is the first stop for people around the world looking for the perfect, hard to find or unique addition to their collection, and with this acquisition we will remain a leader since our community in growing degree adds digital collectibles. ”
The e-commerce platform began allowing NFT sales in May last year, citing a “massive wave of attention” in the area.
This month, McKinsey and Company said that the metaverse could generate $ 5 trillion by 2030. “By 2030, it is quite likely that more than 50 percent of live events can be held in the metaverse,” the company noted.
In addition, a survey conducted in April showed that the metaverse will be the most popular site for crypto, with 70% of respondents agreeing that “advances in cryptocurrency and blockchain technology will be crucial in shaping the future of the metaverse.” In addition, Citigroup predicted that the metaverse could be a $ 13 trillion option with 5 billion users by 2030, while Goldman Sachs sees the metaverse as an $ 8 trillion opportunity.
What do you think about Ebay submitting trademark applications covering metaverse and NFT services? Let us know in the comments section below.
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