11/10/2022 Formula One files 'F1' trademarks covering crypto, NFTs and Metaverse

The racing competition has plans to set up an online marketplace for cryptocurrency, meta tokens, digital collectibles, crypto-collectibles and NFTs.

Formula One files 'F1' trademarks covering crypto, NFTs and Metaverse

The racing competition has plans to set up an online marketplace for cryptocurrency, meta tokens, digital collectibles, crypto-collectibles and NFTs.

Formula One is looking to establish itself within the Web3 ecosystem with eight recently filed trademarks for its globally recognized “F1” abbreviation.

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According to licensed trademark attorney Mike Kondoudis, the race-car league filed eight trademark applications on Oct. 5 covering cryptocurrency, nonfungible tokens (NFTs), crypto marketplaces, retail stores for virtual goods, cryptocurrency trading and mining, and blockchain financial transactions.

The filed trademarks suggest that F1 has plans to play an active role inthe emerging Web3 ecosystemwith its trademark covering software for use with cryptocurrency, meta tokens, digital collectibles and NFTs, as well as software for digital currency payment and exchange transactions.

Beyond software, Formula One also plans to offer retail store services in virtual goods, as well as provide an online marketplace for buyers and sellers of cryptocurrencies and NFTs.

According to the trademark filed, F1 will also dabble in financial transactions via blockchain technology by providing a digital currency or digital token. The scope of the trademark also extends to entertainment services using virtual goods, namely downloadable artwork, cryptocurrency, digital collectibles, crypto-collectibles and NFTs for use in online, virtual, augmented and mixed-reality environments.

In August, Cointelegraph reported that F1's trademark departmentregistered two new trademark filingswith the United States Patent and Trademark Office for the Las Vegas Strip Circuit, where the company’s brand and logo were going to be listed on a wide range of goods and services during next year’s race.

F1 is among several major brands to seek exposure to the Web3 economy, which is still in its nascent stages. Asset managers have also recognized the potential, with exchange-traded fund (ETF) issuer Bitwise recently launchinga Web3 ETFfor institutional and retail investors.

Arts

https://cointelegraph.com/news/formula-one-files-f1-trademarks-covering-crypto-nfts-and-metaverse

Interesting NFTs
Cryptowriter Membership Card 17 of 250
name Cryptowriter Membership Card img QmWoU8k2atyVL8VxwcromcMJcMSbaNaoNc7sZphdQPafu9 Version 001 URL writer.io Mint number - 17of250
#53660
By OthersideDeployer
The Pixel
The Pixel is a single pixel statement. It is created to validate. The Pixel is a digitally native artwork visually represented by a single pixel (1x1). It is a token that signs the most basic unit of a digital image in a traditional global auction house. It is a tiny mark to carry digitally native art to a potential future history.
Mars House
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AI Huascaq #3/5
Transdimensional art is a movement of blending online and offline stylesassisted blending and combining different styles of online and offline art. AI Huasca uses a DMT style AI blending over a kaleidoscopic remix of a painting that was "generated" via acrylic paint after an entheogenic trip.