Crystal Palace Football Club has now stepped into the fascinating realm of metaverse and NFTs.
London's esteemed Premier League team, Crystal Palace, is making strides in the burgeoning spaces of the metaverse and NFTs. The club has officially trademarked its name for involvement in these innovative areas. .
Crystal Palace is following the trajectory of other clubs, eager to explore ways in which they can strengthen their bond with fans. NFT and metaverse On July 1, there was an official public declaration via a social media post by Michael Kondoudis, a seasoned patent attorney with expertise in metaverse trademarks.
The Eagles Join the Club
Kondoudis shared that on June 27, Crystal Palace F.C. took a significant step by filing a trademark application to secure its name across an array of digital products authenticated by NFTs.
This trademark spans an impressive list of digital assets, including NFTs, cryptocurrencies, digital merchandise, virtual fashion items, sports equipment, and crypto marketplaces.
Crystal Palace has moved to trademark its emblem, encapsulating aspects such as:
#PremierLeague ⚽️ NFTs, cryptocurrencies, digital collectibles
⚽️ Virtual apparel, footwear, sportswear
⚽️ NFT and cryptocurrency exchanges and marketplaces
Crystal Palace isn't alone in seeing financial opportunities through the metaverse and NFTs. Paris Saint-Germain (PSG) of Ligue 1 fame has already embarked on this journey.
... and more #NFT #Metaverse #Web3 #CPFC #PL pic.twitter.com/wukOw24qup— Mike Kondoudis (@KondoudisLaw) July 1, 2022
Back in March, PSG made its entry into the NFT space by registering a trademark application. FC Barcelona, another power player in soccer, is ambitiously diving into the metaverse and NFT sectors.
While numerous industries struggle to forge meaningful bonds with their audience, the sports world is perfectly poised to succeed in the metaverse, given its die-hard fans and legendary teams.
NFTs Are Steady, Adoption Rises
The pioneering efforts by prestigious sports organizations show great promise, suggesting that metaverse platforms have room to broaden their horizons.
Soccer clubs appear to be the next advantageous market for NFTs and the metaverse, especially as the prominent soccer league is nearing in November.
If the metaverse and NFTs take hold during the World Cup, it could open a treasure chest of revenue avenues for soccer teams.
Interest in this area is soaring, exemplified by Binance, the largest cryptocurrency exchange globally, partnering with the famed Cristiano Ronaldo for an NFT initiative in late June.
On Binance NFT, the Portuguese football icon will unveil a line of NFT collectibles. Some Binance users can buy these using Binance Pay.
Binance has forged multiple alliances in the sports world, sponsoring the Argentine national team, which boasts Lionel Messi, plus other significant partnerships with Brazilian and Italian football entities.
Cryptocurrency platforms are forging new paths by collaborating with soccer personalities. Lionel Messi, another figurehead, became the global ambassador for the crypto platform Socios.
Binance Chain is Popular
Even with corporations spending heavily on marketing initiatives to woo new investors, the cryptocurrency market has notably dipped.
Market downturns have considerably affected the profits of key cryptocurrency exchanges like Coinbase, Gemini, and Crypto.com, albeit not Binance.
Binance remains optimistic, asserting robust operations and actively pursuing increased staffing and enticing collaborations.
Before the collaboration with Ronaldo, Binance reportedly declined a deal linked to the Super Bowl, implying basketball might not be CEO CZ's sport of preference.
Beyond just football, NFTs and the metaverse have blossomed in diverse sectors such as basketball, e-commerce, retail, production, and entertainment. Renowned companies, brands, and celebrities have been carving out their spaces in the metaverse landscape.
Reportedly by Finbold, the surge in NFT trademark applications in the US expanded to an astounding 421 times in 2021, massively up from just three in 2020.
Hailing from Ann Arbor, Michigan, Nicholas Say has traversed the globe, lived in Uruguay for parts of his life, and now calls the Far East home. His prolific writings, covering topics from realistic growth to cutting-edge human technologies, are scattered online.
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