E-commerce large Ebay has filed two trademark functions protecting a variety of services referring to the metaverse and non-fungible tokens (NFTs).
Ebay Inc. (Nasdaq: EBAY) filed two trademark functions with america Patent and Trademark Workplace (USPTO) final week protecting a variety of services referring to non-fungible tokens (NFTs) and the metaverse.
A USPTO-licensed trademark legal professional, Mike Kondoudis, tweeted Tuesday: “Ebay Inc. is coming to the metaverse.” He defined that the filings point out the e-commerce large’s plans for digital good marketplaces, on-line retail shops with precise and digital items, NFTs, NFT exchanges, and NFT buying and selling. The functions’ serial numbers are 97473696 and 97473620.
In the future earlier than Ebay filed the 2 trademark functions, the corporate introduced that it has acquired NFT market Knownorigin. In line with Ebay, the 2 firms signed and closed the deal on June 21.
Ebay CEO Jamie Iannone described on the time: “Ebay is the primary cease for individuals throughout the globe who’re trying to find that excellent, hard-to-find, or distinctive addition to their assortment and, with this acquisition, we are going to stay a number one website as our neighborhood is more and more including digital collectibles.”
The e-commerce platform started permitting NFT gross sales in Could final yr, citing a “huge wave of consideration” within the space.
This month, McKinsey and Firm mentioned that the metaverse might generate $5 trillion by 2030. “By 2030, it’s fully believable that greater than 50 % of stay occasions may very well be held within the metaverse,” the corporate famous.
As well as, a survey carried out in April confirmed that the metaverse would be the hottest place for crypto, with 70% of respondents agreeing that “cryptocurrency and blockchain know-how developments can be important to shaping the way forward for the metaverse.” Furthermore, Citigroup predicted that the metaverse may very well be a $13 trillion alternative with 5 billion customers by 2030 whereas Goldman Sachs sees the metaverse as an $8 trillion alternative.
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