More and more companies are ready to patent their brands for use in an NFT key, despite the bearish situation that continues to affect DeFi and traditional finance. Capturing the situation is Mike Kondoudis, an attorney licensed by the United States Patent and Trademark Office (USPTO).
Although non-fungible tokens have experienced a decline in trading volumes, patent applications have significantly increased. Since the beginning of the year, applications have surpassed those recorded throughout 2021.
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### NFTs in Full Swing, at Least for Big Brands and Patents
Non-fungible tokens are tough and resilient. That is to say, they are able to withstand the market winter, which is not only raging on the crypto front but also fiercely gripping traditional trading spaces. It is precisely the NFTs that prove to be engines in times of crisis for everyone, according to the analysis provided by a trusted individual who regularly features on our pages.
We are talking about Mike Kondoudis, an attorney specializing in blockchain sector patents with a United States Patent and Trademark Office license, the American equivalent of our Patent and Trademark Office.
We frequently use Twitter to keep up with industry news, and this time it reports interesting data. Since the beginning of the current year, more than 6,000 patent applications for NFT and metaverse projects have been reviewed by the officers, 200% more than in 2021.
### The Crypto Winter, but Not Only
But winter is impartial and has affected both DeFi scenarios and traditional finance, with the global economy forced to face a worrying macroeconomic situation, also due to recent geopolitical events and the induced instability resulting from them.
As a result, the figures show a downward trend, reaching a minimum last September. A trend that has affected everyone, with big industry names facing the situation with increasingly significant investments and additions.
But in the bearish scenario, there are those who go against the grain, with Solana brand projects raising more than 130 million compared to around 68 in August. On the other hand, the protocol has concluded important partnerships that have obviously played a driving role in a particularly complicated moment.
And we can still see good opportunities
Projects that suffer and others that rise, but all still solid because they may have been able to capitalize when the markets allowed. Actors who find themselves today investing at all costs, always on the run, and awaiting a new positive phase, are betting everything on researching and setting up new projects.
A similar situation is present in the Bitcoin and cryptocurrency markets, where there are those who believe that the bear market is a good thing, as Ryan Selkis claims and as evidenced by some of his recent statements, which we have taken the trouble to report and analyze.
Thus, the reading key should not necessarily be bearish. According to the data reported by Mike Kondoudis, patent applications in 2022 have far exceeded those received during 2021 by the USPTO. These are assets to bet on, capable of supporting the sector even in the ongoing difficult moments.
