Trademark attorney Mike Kondoudis reported that the USPTO has received over 3.300 Metaverse-related trademark applications this year. This and more news can be found in this handy daily digest to keep you up to date with the latest developments in the crypto world.
Brands prepare to join the Metaverse
📍The United States Patent and Trademark Office (USPTO) has received more than 3.300 trademark applications for the Metaverse. On his Twitter account, trademark attorney Mike Kondoudis reported that this year, the USPTO has received a large number of trademark applications for the creation of products, goods and services in the virtual world.
From January to June of this year, trademark applications totaled 3.350, with March being the month in which brands submitted the most applications to the USPTO, Kondoudis said.
American fashion brand Tommy Hilfiger has been one of the latest to submit a trademark application to the USPTO, in order to use its brand in the Metaverse.
In the submitted application, Tommy Hilfiger indicates that it will use its brand to create virtual garments for avatars, such as clothing, footwear and other items. In addition, the fashion brand has plans to launch a virtual store and marketplace and to encourage the creation of new communities based on NFTs.
Tommy Hilfiger was one of the brands that was present at the Metaverse Fashion Week held in Decentraland in March of this year.
Crypto: The Musical: Web 3 Coming to Broadway
📍A DAO will bring Web 3 to the amphitheaters of Broadway, New York. MusicalDAO, a decentralized autonomous organization (DAO) created by marketing executive Amanda Cassatt, is part of the “Crypto: The Musical” project, which will bring Web 3 to the Big Apple as a musical theater show.
On your website, «Crypto: The Musical» It is billed as the first Web 3 Broadway musical funded by a DAO.
Through MusicalDAO, the project's creators seek funding from crypto investors in exchange for special benefits, such as pre-sale tickets, NFTs, among others.
“Crypto: The Musical” tells the story of a woman who quit her corporate job to join a crypto startup.
The creators of this musical are hoping for its Broadway theatrical debut in spring 2024.
Revuto to launch NFTs for Netflix subscriptions
📍Revuto will market Netflix subscriptions as NFTs. Revuto has created a new NFT-based subscription model that will allow its users lifetime access to entertainment services such as Netflix through NFT tokens.
In addition to Netflix, Revuto will also allow Spotify subscriptions to be purchased as non-fungible tokens.
The launch of this new NFT subscription model is held this week.
On its website, the company notes that users will be able to use the non-fungible tokens to access their Netflix or Spotify accounts, or they will be able to trade these NFT subscriptions with other users, either through buying, selling or renting.
More than 13 million ETH in staking
📍The number of ETH staked on Ethereum 2.0 has surpassed 13,5 million units. According to the Ethereum 2.0 launchpad, the number of staked ethers deposited on the new network has exceeded 13,57 million ETH.
This amount of ethers represents about 11% of the ETH that are in circulation in the market at the time of this edition. The majority of the staked ether is deposited through the Lido platform, reported the analytics company GlassNode.
Additionally, the number of active validators on the network currently exceeds 404.150 validators.
Yan Finance stops a cyber attack against its DAO
📍DeFi protocol Yan Finance managed to stop an attack that put $1,4 million of its community treasury at risk. Yan Finance Developers reported on Twitter that their DAO was the target of a governance attack that aimed to drain $1,4 million from its community treasury.
However, even though they noticed the attack two days after the attacker submitted a governance proposal that included a malicious contract to extract the funds, the developers were able to notice the attack and stop it in time.
Continue reading: Bitcoin's energy consumption has decreased by nearly 14% this year
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