NFT

US trademark applications for metaverse and NFTs at all-time high

 

Recent data reveals that since January 2022, there have been more US trademark applications for crypto assets, NFTs, Web3, and the metaverse than during all the months in 2021. The number of applications has more than doubled, with March 2022 seeing the highest number of filings for all types of trademark applications.

Mike Konduodis, an intellectual property lawyer, stated that individuals and businesses filed over 3,600 trademark applications for crypto-related services with the US Patent and Trademark Office in 2022, whereas in 2021, there were 3,516.

When it comes to NFT applications, they have also increased from 2,087 in 2021 to more than 5,800 in 2022. The number of trademark applications for the metaverse and Web3 has more than doubled, with nearly 4,150 applications for the metaverse and Web3 in 2022, and only 1,866 in 2021.

Central African Republic launches crypto initiative Sango

The Central African Republic (CAR) has launched the digital monetary system Sango aimed at modernising and uplifting the country’s economy and tokenising the country’s natural resources.

At the launch, President Faustin-Archange Touadéra stressed that ‘For us, the formal economy is no longer an option.’

Citizen identity and ownership of assets will also be tokenised as non-fungible tokens (NFTs).

The Sango Coin and The Crypto Island, a metaverse platform, are also in development.

British Army’s social media accounts were hacked

British Army’s Twitter and YouTube accounts were hacked. The name of the Army’s Twitter account was changed, while videos on cryptocurrency, and posts related to NFTs appeared on their feed. The British Army stated there is no evidence as to who may be behind the hacking of the accounts. The accounts were restored to normal while investigations regarding the hacks are still ongoing. Army’s spokesperson stated that there will not be any further comments on the incident until the investigation is complete.