Which brands moved to the metaverse in November 2022

Despite the bear market, mainstream brands are still showing increased interest in the metaverse and the NFT segment. November 2022 turned out to be very difficult for the crypto space due to the resonant collapse of the FTX crypto exchange and its consequences for the industry. However, the general gloom does not appear to have affected the non-fungible token (NFT) segment and the metaverse industry. Interest in NFTs is growing Despite the bear market in November, top NFT collections continued to be in high demand. Thus, sales of four of the five largest NFT collections increased significantly in November. The best results were shown by tokens from Yuga Labs – Bored Ape Yacht Club (BAYC), Crypto Punks and Mutant Ape Yacht Club (MAYC). In the same month, the United States Patent and Trademark Office (USPTO) registered a record 24 trademarks related to NFT tokens and related services.. For comparison, for the whole of 2021, only 3 such trademarks were registered. Source: Twitter See also: Gucci, Dolce & Gabbana, Moncler invest in NFT, despite market crash Brands go virtual. So, in November, the famous Swiss watch company Rolex filed an application for trademark registration in the NFT segments, NFT marketplaces, online auctions, crypto wallets and cryptocurrency exchanges.. This was announced by a licensed trademark attorney Mike Kondudis (Mike Kondoudis). Soon, sports giant Reebok joined Nike and Adidas in the metaverse industry.. Once trademark applications are approved, the company will be able to issue virtual goods and NFTs. And finally, on the last day of November, the same Mike Kondudis brought another message. Now the BMW concern, the world's leading manufacturer of cars and motorcycles, has become a new member of the metaverse.. The company applied for trademark registration in segments such as NFTs, virtual vehicles, clothing and footwear, as well as retail outlets for their sale and virtual environments where they can be used. A total of 367 trademark applications were filed in the United States in November for the Metaverse and Virtual Goods/Services. Source: Twitter In November, it became known that the developer of blockchain games Animoca Brands will create a fund with a capital of $ 2 billion. The money will go to support and development of virtual worlds. A fund to support the development of the metaverse was also established by the South Korean company Daesung Private Equity. It was budgeted at almost $83.5 million. What do you think? Write us! Read the latest cryptocurrency news on the BeInCrypto portal and join the discussion in our Telegram channel The reader is solely responsible for any actions taken by him on the basis of information received on our website.