Brand depots range from NFT and Metaverse basic goods to building a new shipping and delivery network. Although only six deposits have been discovered, these six deposits include goods and services such as:
According to Kondoudis, the 114-year-old company is taking these steps to protect its “UPS” brand, which is why these filings are so valuable. Thus, through these filings, the company was preparing to dominate the virtual economy and become a major player in this space. Adding to the same, he said:
"We expect the number of brand deposits for NFT and virtual products and services from the shipping, logistics and package delivery industries to increase over the next 12 months as brands come to appreciate the need for protection in the Metaverse."
This is the new trend, and it is attracting companies around the world to follow it or be outdone.
In recent weeks, more companies have filed applications for Metaverse brands than would be expected, and these companies aren't limited to just one industry.
Brands ranging from fashion to tech and music and fast food companies have been quick to file their brands in the Metaverse so that when the time comes, they will be equipped to establish their presence.
Last month KFC, Pizza Hut and Taco Bell followed similar plans and set foot in the Metaverse. The month before, McDonald's also did the same thing.
At the same time, the New York Stock Exchange and Victoria's Secret also announced their intentions by filing similar brands. And just yesterday, FXEmpire reported that MasterCard has repeated this strategy for itself.
Therefore, finding a model in these repositories is useless. The only driving factor behind these decisions is the creation of their brands' presence in the rapidly emerging virtual world.
The Metaverse hype is growing by the day, and companies are treating it as a marketing strategy, but whether or not it will be a long-term success is yet to be known as the space is still in its early stages.
Cryptocurrencies have revolutionized the world of economics and investment, offering a decentralized alternative to traditional…
Milkomedia-C1 announced the integration of the DJed stablecoin network on its platform. Milkomeda C1, a…
Cryptocurrencies have gained immense popularity over the last decade, attracting investors from all over the world. However,…
The former cryptocurrency exchange FTX was based in the Bahamas. The island nation has not been…
As Shiba Inu adoption skyrockets, the memecoin and the entire Shiba ecosystem…
The adoption of digital currencies such as Bitcoin has continued to grow unabated. Many…