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Tuesday, February 7, 2023

Monster Beverage (NASDAQ: MNST) Submit NFT and Metaverse Trademark Applications

Monster Beverage Corporation (NASDAQ: MNST) confirmed that it has applied for four NFT and Metaverse trademarks to the United States Patent and Trademark Office. The data given by the USPTO confirmed that it may take up to 7.4 months for the agency to process first-time trademark applications.

Presently, more and more companies are entering the NFT world and submitting intellectual property applications for the NFT and metaverse domains. Previously, the New York Stock Exchange submitted a trademark application for trading NFTs earlier this month. McDonald’s sought trademarks for “McMetaverse” businesses, which incorporates its popular McCafe brand, around the same time.

Earlier, Meta, previously known as Facebook (NASDAQ: FB) presented applications for registering Bitcoin (BTC) and crypto service trademarks in Brazil. The same month, Walmart, also filed for seven patents related to its plans to develop its own digital currency and NFT collection.

Trademark Application of Monster

The first trademark application covers downloadable virtual items such as beverages, food, supplements, sports, games, music, and fashion, among other things. As per the filing, such downloadable audiovisual elements will be verified by NFTs. Furthermore, the computer programmes that facilitate blockchain data interactions are also incorporated in the application.

The second application includes NFT-authenticated retail store and online retail store services, as well as an online marketplace for virtual goods buyers and sellers. The third application is about entertainment services tied to virtual clothes. Lastly, the fourth application comprises delivering an online platform that uses blockchain technology to ease the exchange of digital assets among users.

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