Although the first few months of 2023 have seen a decrease in cryptocurrency and related technology-based trademark applications in the United States compared to the record-breaking numbers of 2022, recent developments are still showing increasing interest in the sector. USPTO reported 559 crypto-related trademark applications in the first quarter of 2023, which is a 66.1% decrease from 1,649 in the same period in 2022. This drop was further seen in metaverse and non-fungible token (NFT)-related applications, where the overall numbers for 2022 were 5,850 and 7,746 respectively.

Companies like Meta have continued pushing towards the development of the metaverse sphere, with the help of artificial intelligence (AI). For instance, the Chief Technology Officer at Meta (NASDAQ: META), Andrew Bosworth, recently stated that they were investing heavily in AI to create personalized and realistic graphics generated from text input. This has been supported by the popularity of OpenAI’s ChatGPT platform, which has again fueled interest and research into the area of AI.

Although humanity is far from seeing the grandiose and immersive environment usually associated with the metaverse, the recent developments and general public interest, especially in cryptocurrencies, have spurred significant growth in the sector and its related trademark filings in the US. The numbers for 2022 have not been matched since, and it remains uncertain at this point what effect any current or upcoming trends and events could have on it.



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