Universal interest in cryptocurrencies is not what it used to be during the course of the all-time highs of 2017 and established companies in the industry have been rethinking their main concerns. Entrepreneurship in the crypto space, characterized by ingenuity and optimism, continues to be strong however. This is illustrated by the fact that dozens of businesses and individuals in the U.S. have filed for crypto-related trademarks this year.
Giants Intrigued & Tempted by Crypto Again?
For some time it appeared the times when significant corporations were battling to request patents and trademarks for crypto and blockchain products had gone by. But towards the culmination of December, South Korean electronics manufacturing Goliath Samsung registered a trademark in the U.K., Samsung Crypto Wallet, which gave validity to the rumors about the upcoming integration of a digital currency wallet into its brand-new flagship smartphone.
Then not long ago, footwear and sportswear producer Nike filed for a trademark called “Cryptokicks.” The request was submitted to the U.S. Patent and Trademark Office (USPTO) on April 19 and addresses a variety of products and services connected to cryptocurrencies. Some of the listed items refer to a marketplace for buyers and sellers of digital currency assets and also an online store advertising footwear and clothing.
Various other significant companies that have previously made an application for crypto-related patents and trademarks feature globally recognizable names including Mastercard, Amazon and Walmart. In most cases, however, the products and services specified in the filings are yet to be developed and launched to the market. Simultaneously, many small businesses and individual entrepreneurs who file for crypto trademarks and patents in reality rely on them to build their business. Basically, they don't do it ‘just in case.'
Crypto Services to Be Offered Under New Trademarks
Even with the consequences of the ubiquitous crypto winter, the increasing number of applications for trademarks including the word “crypto” is unquestionably a positive sign. Some of the entries registered with the USPTO may provoke laughter: “In Crypto We Trust” is an educational service, “Crypto for Idiots” is a podcast project with comparable intentions, “Cuts for Crypto” is a men's grooming service, “Middle Finger Money” is a new coin, and “Crypto Vodka” is self-explanatory. Many others represent products and services that will increase competition in the industry and deliver more use cases for cryptocurrencies.
As an example, Wyer or Finclusive are brand names of software products that will streamline the reception of crypto payments and the handling of digital asset transactions.
Stasia is the trademark of a platform for cryptocurrency exchange and brokerage services. An application has been filed by Laborx, an Australian corporation that has created a hiring service helping pay-as-you-work crypto salaries as an alternative to monthly fiat payments, and Celsius is the name of the platform for saving, lending and borrowing digital coins.
According to the Patent Office's database, dozens, or even hundreds, of applications for crypto trademarks have been filed with the USPTO since the start of the year. A few of them have already been endorsed and registered. One of them is Somee, an Internet-based censorship-resistant social network, which pledges to establish a community that will manage the distribution of its private data. Yet another one is Net Element, which is a platform for handling payments with charge cards and cryptocurrencies.
How many of these new trademarks will prove profitable on the marketplace remains to be seen.
Do you believe the rising amount of new crypto trademark applications shows that businesses feel optimistic regarding the future of the industry? Post your thoughts in the comments section below.
Images courtesy of Shutterstock.
The post Dozens of Crypto Trademarks Filed in the US This Year appeared first on Bitcoin News.