Kraft Foods is applying for NFT and metaverse patents, Seth Green gets the monkey back and more

by · July 5, 2022

The American food production and process giant Kraft Foods Group has filed nonfungible tokens (NFT) and metaverse patents for several of its popular brands.

The company joins a number of mainstream companies such as Gatorade, Nike, Adidas and Coca-Cola who have moved to secure their products and branding in the crypto / virtual sphere.

According to a Monday tweet from the US Patent and Trademark Office (USPTO) licensed trademark attorney Mike Kondoudis, Kraft Foods has locked in trademarks for Jell-O, Kool-Aid, Velveeta, Lunchables, Oscar Mayer, Philadelphia and, of course, the Kraft brand.

The company’s NFT and metaverse brands cover a wide range of potential services and products, including a virtual restaurant where users can earn rewards and virtual assets, virtual food and drink, NFTs and NFT-supported media, and virtual goods and NFT marketplaces. is.

At this stage, it is unclear whether Kraft will look to launch virtual offers or promotions soon, or whether it is just looking to lock in brands in advance. However, one of their brands was already playing last year, when the beloved sausage manufacturer Oscar Mayer auctioned off a package of “Hot Doge Wieners” with a Dogecoin (DOGE) theme via eBay in August 2021, which came with 10,000 DOGE for free.

Seth Green was reunited with his monkey

Seth Green has finally been reunited with the Bored Ape Yacht Club (BAYC) NFT which was removed from him via a phishing scam, with the Hollywood actor and Robot Chicken co-creator saying that Ape # 8398 “is home.”

After Green first had his NFT stolen a month ago, the scammer sold it to DarkWing84 user for 106.5 Ether (ETH) or $ 144,000 at the time. Green immediately contacted the buyer to find an online deal with NFT, which he called Fred Simian, which is especially important since its underlying IP is used to create an animated comic book show.

It seems that there must have been a long negotiation process, as NFT did not return to the actor until late last week.

Since NFT was locked and could not be purchased on OpenSea due to theft, Green paid 165 ETH, worth approximately $ 224,300 at the time of writing, via the crypto deposit platform NFT trader to recover his token, indicating that he paid tips on almost 60 ETH to Darkwing84 who returned NFT in good faith.

Jim Carrey tokenizes original works of art for charity

Iconic actor and comedian Jim Carrey is auctioning off an original tokenized work of art called Sunshower via SuperRare, and all proceeds go to a non-profit organization that supports food banks across the United States called Feeding America.

Aside from being known worldwide as a comic actor, Carrey is also a respected artist who creates everything from physical paintings and illustrations to fully animated works.

Related: The Pennsylvania pharmacist feeds thousands of homeless people using crypto

Sunshower NFT depicts an animated version of a living acrylic court painting in which rain and bright colors wash over a man’s face, with an oral piece played in the background.

At the time of writing, the auction has one and a half days left, with the highest bid so far at a total of 42.35 ETH, or about $ 57,500.

NFT trading volume plummets

According to NFT data aggregator CryptoSlam, four of the top five blockchains in terms of sales volume have seen double-digit declines in the last seven days.

Within that time frame, the trading volume of industry leader Ethereum is down 28.85% to $ 176.5 million, while second-placed Solana has also seen a volume drop of 13.71% to $ 24.9 million.

The biggest losers in the last week are the third-ranked Binance Smart Chain and the fifth-ranked ImmutableX, with a giant drop of 46.59% and 58.63% to make up a volume worth $ 4.1 million and $ 1.3 million per piece.

The only blockchain in the top five that has not yet achieved a double-digit fall is the Flow network, which has taken 9% to account for $ 3.1 million in NFT sales volume.

Other cool news

Gordon Goner, pseudonymous co-founder of Yuga Labs, issued a warning on Saturday about a possible incoming attack on their social media accounts under the Yuga Labs umbrella after receiving “credible information” that an insider from Twitter would help circumvent the security of the accounts.

Global payment technology giant Mastercard has partnered with a number of leading NFT marketplaces to allow 2.9 billion cardholders to make NFT purchases directly without buying crypto first.