The name of the legendary boxer and activist Muhammad Ali is now protected as a trademark in the Web3 space extending to non-fungible tokens (NFTs) and virtual goods in the metaverse.
Indeed, the trademark of the boxer nicknamed ‘The Greatest’, who is regarded as one of the most significant sports figures of the 20th century, is registered under the U.S. Registration No. 6881575, issued on October 18, according to a tweet posted by NFT and metaverse licensed trademark attorney Michael Kondoudis on October 19.
Stay in the know on crypto by frequently visiting Crypto News Today
The registered trademark covers NFT-authenticated media featuring Ali, virtual clothing, footwear, headwear, sports bags, and equipment.
Kondoudis further stated:
“This registration was examined and approved in less than a year, which is fairly quick by USPTO standards. We expect the same results for applications for other celebrity names. It also offers a blueprint for protecting celebrity names and brands as they transition into the metaverse.”
“We expect this trend of celebrity Web3 trademarks to continue as more celebrities come to recognize the need for brand protection in the metaverse.”
Trademarking celebrity names
It’s worth mentioning that the trademark application for Muhammad Ali was one of several filed in late 2021 to trademark celebrity names. Some of the others include Marilyn Monroe and Elvis Presley.
Notably, the Football star Cristiano Ronaldo signed an exclusive NFT partnership with Binance back in June. Many athletes and sports organizations across the world are jumping on the NFT bandwagon in an effort to maintain their level of fan engagement with fans.
Finbold previously reported, professional basketball player Kevin Durant of the Brooklyn Nets of the National Basketball Association (NBA) submitted 26 trademark applications for the NFT and the metaverse.
Finally, it’s also worth noting NFT and blockchain-related trademarks filed in the U.S. surpassed 6,000 already so far in 2022, three times the figure reported for 2021.
Read More at FINBOLD
Please Read Essential Disclaimer Information Here.
© 2022-2023 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Consider Donating to CryptoCaster℠ Via Wallet Coin/Token Addresses Below.
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt