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Gatorade trademark applications hint at joining the metaverse

Should Gatorade go meta, it may join a number of major food and drink brands exploring virtual offerings, including Coca-Cola, McDonald’s and Anheuser-Busch.

Stokely-Van Camp, the beverage company with the original rights to market and produce Gatorade, may be exploring releasing virtual sports drinks in the metaverse.

According to records submitted to the United States Patent and Trademark Office, or USPTO, on Wednesday, Stokely-Van Camp filed two applications for the word Gatorade and the sports drink’s “G”-shaped orange, black and white logo to be used in connection with “virtual beverage products” and nonfungible tokens, or NFTs. The filings suggest Gatorade may be preparing to introduce its branded products to the metaverse.

Stokely-Van Camp added that the Gatorade name and logo could be used in digital media artwork, text, audio and video. According to the USPTO status, the U.S. government agency could take roughly six months to examine the applications.

Now owned by multinational food corporation PepsiCo, Gatorade is a major sports drink consumed by people in more than 80 countries around the world. The company reportedly sold roughly $2.6 billion worth of products in U.S.-based convenience stores in 2021 and controlled 46% of the worldwide sports drink market.

Related: Why are major global brands experimenting with NFTs in the Metaverse?

Should Gatorade move into the metaverse, it may join a number of major food and drink brands exploring virtual offerings, including Coca-Cola, McDonald’s and Anheuser-Busch. Sports footwear and apparel manufacturer Nike also filed applications with the USPTO in November 2021 for its name, logo and slogan "for use online and in online virtual worlds."

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Dfinity Foundation files lawsuit against Meta over infinity logo

The court filing is based not on Meta’s logo using the infinity symbol itself, but rather registering a trademark for use in fields offering similar goods and services.

Lawyers for Dfinity Foundation, a Switzerland-based nonprofit behind the Internet Computer blockchain, have filed a lawsuit against Facebook’s parent company Meta for trademark infringement over its infinity logo.

In a Friday court filing with the United States District Court for the Northern District of California, Dfinity’s legal team claimed Meta Platforms was registering use of its logo, which also uses the mathematical symbol for the concept of infinity, “in some of the same or similar areas in which Dfinity has already obtained registration for its mark.” According to the blockchain firm, Meta filed an application with the U.S. Patent and Trademark Office, or USPTO, in March 2022, while the same office granted Dfinity registration in October 2018. Dfinity’s legal team also said the company had been using the infinity symbol on its website since March 2017.

While many experts credit mathematician John Wallis with first using the "loopy" symbol to represent the concept of infinity in the 17th century, the design may go back centuries prior to that usage. Dfinity’s lawsuit seemed to be based not on Meta’s logo using the infinity symbol itself, but rather registering a trademark for use in fields offering similar goods and services, including computer software incorporating blockchain technology.

“Meta and Dfinity seek to attract the same users, namely those who are looking for an innovative and different internet experience, created by users, for users,” said the lawsuit, adding: 

“Further, both Meta and Dfinity utilize the same marketing channels such that consumers will likely encounter the marks through those same channels [...] Despite knowledge of Dfinity’s mark, Meta chose to proceed with its application to obtain registration in some of the same or similar areas in which Dfinity has already obtained registration for its mark.”

Dfinity’s legal team continued:

“The similarities between Meta’s mark and Dfinity’s mark, and Meta’s intended use of its mark in the same space and through the same customer base as Dfinity, will cause confusion because consumers will mistakenly believe that Meta and its services are connected with, sponsored by, affiliated with, or related to Dfinity, or that Dfinity and its services are connected with, sponsored by, affiliated with or related to Meta.”

According to Dfinity, Meta “knowingly infringed” upon the company's trademark based on its registration with the USPTO and exhibited “willful and wanton disregard of Dfinity’s established and superior rights.” The lawyers claimed that confusion around the similar logos had already caused Dfinity to lose revenue, and the firm will continue to do so as well as potentially suffer “reputational harm” while the alleged discrepancy remains.

“Dfinity has suffered, and will continue to suffer, irreparable injury as a result of Meta’s unlawful action and has no adequate remedy at law,” said the lawsuit. “Unlike Facebook’s (now Meta) centralized, closed system, Dfinity’s focus is on decentralization and interoperability. Any association between Dfinity and Meta would cause consumers, including users and developers, to question Dfinity’s core mission.”

Dfinity’s legal team has requested relief in the form of attorneys’ fees based on Meta’s alleged trademark infringement and “false designation of origin.” In addition, the firm asked for punitive damages surrounding the potential confusion “as to the source, origin, sponsorship, and association” of Meta’s products and services. The blockchain firm has requested a trial by jury.

Related: ‘Wave of litigation’ to hit NFT space as copyright issues abound

Legal issues related to copyrights and trademarks have cropped up in the crypto space since its creation in 2008. In June 2020, someone anonymously registered the Bitcoin (BTC) name and logo with the Spanish Patent and Trademark Office claiming they wanted to “protect Bitcoin.” A legal team representing fast food chain Jack in the Box also filed a lawsuit against FTX US in November 2021 based on alleged similarities between its "Jack" character and the crypto exchange’s "Moon Man."

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Social Media Giant Meta Files Multiple Trademark Requests for Crypto and Web 3.0 Technology

Social media giant Meta is registering eight new trademark applications related to crypto and decentralized finance (DeFi) technology. According to recent filings made to the United States Patent and Trademark Office (USPTO), the company formerly known as Facebook has requested to trademark several blockchain services and other related crypto technologies in a push toward launching […]

The post Social Media Giant Meta Files Multiple Trademark Requests for Crypto and Web 3.0 Technology appeared first on The Daily Hodl.

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New York Stock Exchange Files Trademark for Offering Trading Services in the Metaverse

New York Stock Exchange Files Trademark for Offering Trading Services in the MetaverseThe New York Stock Exchange (NYSE) has registered a trademark application to offer digital currency and NFT trading services in the metaverse. The application, filed on February 10th, constitutes the first foray of the company into the concept of the metaverse. The organization might be competing with other exchanges and established NFT marketplaces in the […]

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Victoria’s Secret Files Metaverse Related Trademark Applications

Victoria’s Secret Files Metaverse Related Trademark ApplicationsVictoria’s Secret, the renowned designer lingerie company, has filed a series of trademark patents that suggest the organization is ready to offer its products in the metaverse. The announcement was made by Mike Kondoudis, a trademark attorney, who stated these actions might be the first step for the company to present their products using blockchain […]

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Nike trademark applications and job postings hint at joining the metaverse

Unlike reported issues with the company's physical shoe supply, virtual sneakers may not be limited by real world problems stemming from the pandemic.

Sports footwear and apparel manufacturer Nike is exploring the design of virtual materials featuring its iconic logo and slogan.

According to records submitted to the United States Patent and Trademark Office on Wednesday, Nike has filed applications for its namesake, swoosh logo and "just do it" slogan to be used in virtual goods for its entertainment services, retail stores and "for use online and in online virtual worlds." The filings, along with two recent job postings for virtual material designers, suggest the company is laying the groundwork for Nike-branded products in the metaverse.

Nike said the prospective employees would “play a key role in redefining our digital world, ushering us into the metaverse.” They would join a team of virtual material designers in the company’s Digital Product Creation group to create virtual footwear and other products.

The apparel company seems to have launched its foray into the metaverse in advance of Facebook’s rebranding announcement on Thursday. The social media giant said it would create a virtual environment connecting online social experiences to the physical world.

Though Nike is seemingly advancing its metaverse plans at the same time as Facebook, it has previously delved into nonfungible tokens, or NFTs, and other crypto-related ventures. In 2019, the company patented a system for tokenizing its CryptoKicks shoes on the Ethereum blockchain.

However, the company already has some competition in the metaverse. Sneaker brand RTFKT Studios has released both virtual and physical footwear and obtained the backing of Andreessen Horowitz, Galaxy Digital, and others in an $8-million fundraising round in May.

Related: “We are building for the metaverse” says Meta VP Nick Clegg

While Nike’s virtual offerings may not be affected by the global supply chain issues, the company has reported issues with delivering on its physical products, including a dearth of shipping containers, staffing problems, and other pandemic-related restrictions affecting workflow. Indonesia and Vietnam are responsible for the majority of Nike’s physical shoe production, but the virtual offerings may be created entirely at its Oregon headquarters.

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Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges

Bithumb Terminates Trademark Agreements With 2 Foreign-Based ExchangesLeading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will be enforced in September. Bithumb Global and Bithumb Singapore to Change […]

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