Ebay, the e-commerce company has two trademark applications. They cover a broad range of services and products that relate to the metaverse (NFTs) and non-fungible tokens.
Ebay’s NFT, Metaverse Trademark Applications
Ebay Inc. (Nasdaq : EBAY), filed two trademark applications last week with the United States Patent and Trademark Office. They covered a broad range of products and services that relate to metaverse and non-fungible tokens.
A USPTO-licensed trademark attorney, Mike Kondoudis, tweeted Tuesday: “Ebay Inc. is coming to the metaverse.” He explained that the filings indicate the e-commerce giant’s plans for virtual good marketplaces, online retail stores with actual and virtual goods, NFTs, NFT exchanges, and NFT trading. The applications’ serial numbers are 97473696 and 97473620.
Ebay announced the acquisition of NFT marketplace Knownorigin just one day after it filed its trademark applications. Ebay reports that both the companies closed and signed the agreement on June 21.
Ebay CEO Jamie Iannone described at the time: “Ebay is the first stop for people across the globe who are searching for that perfect, hard-to-find, or unique addition to their collection and, with this acquisition, we will remain a leading site as our community is increasingly adding digital collectibles.”
The e-commerce platform began allowing NFT sales in May last year, citing a “massive wave of attention” in the area.
McKinsey and Company announced this month that by 2030, the metaverse will generate $5 trillion. “By 2030, it is entirely plausible that more than 50 percent of live events could be held in the metaverse,” the company noted.
In addition, a survey conducted in April showed that the metaverse will be the most popular place for crypto, with 70% of respondents agreeing that “cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse.” Moreover, Citigroup predicted that the metaverse could be a $13 trillion opportunity with 5 billion users by 2030 while Goldman Sachs sees the metaverse as an $8 trillion opportunity.
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