Saturday, September 23, 2023

NFT and Metaverse Trademarks on Kraft Foods


Kraft Foods Group, an American food manufacturing, and processing conglomerate, files for NFT and Metaverse trademarks for some of its prominent products. Gatorade, Nike, Adidas, and Coca-Cola are among the prominent firms to safeguard their products and brands in the crypto/virtual environment.

Kraft Foods recently secures trademarks for Jell-O, Kool-Aid, Velveeta, Lunchables, Oscar Mayer, Philadelphia, as well as the Kraft name. This is according to a June 13 Remark from U.S Patent and Trademark Department credible trademark lawyer Mike Kondoudis.

The NFT and Metaverse patents of the company encompass a wide variety of prospective services such as virtual restaurants. Clients may earn awards and virtual assets, virtual meals and beverages, NFTs and NFT-backed media, and virtual commodities and NFT markets.

At this point, it is unknown whether Kraft intends to launch any virtual items or promotions soon. Moreover, they may simply be attempting to secure trademarks ahead of time. Nevertheless, one of its businesses makes a minor push last year, with Oscar Mayer, the iconic hot dog producer. Thus, they are reselling off a pack of Dogecoin-themed Hot Doge Wieners through eBay in August 2021, which arrives with 10,000 complimentary Dogecoins.

Seth Green Reconciles with His Ape

Seth Green reunites with the BAYC NFT that they take from him as part of a hacking fraud.  Someone robs Green’s NFT a month earlier. The fraudster trades it to user DarkWing84 for 106.5 ETH, approximately $144,000. Green quickly addresses the buyer to arrange a purchase online. Fred Simian was the name of the NFT being especially significant because its core IP is for making an anime cartoon show.

The NFT did not respond to the actor until late last week, indicating a lengthy bargaining process. Because the NFT was stolen, it was locked and could not be acquired on OpenSea. As a result, Green pays 165 Ether via crypto trust firm NFT broker to reclaim his asset.

Jim Carrey Tokenizes Masterpiece to Benefit Charities

Jim Carrey is a famous actor as well as a comedian. He is attempting to sell off a unique cryptocurrency art piece, Sunshower, through SuperRare. All profits will benefit Feeding America, a foundation that helps food banks across the U.S.

Aside from being a prominent funny actor, Carrey is also a famous artist who produces anything from actual paintings and sketches to motion graphics works.

The Sunshower NFT shows an interactive rendition of colorful acrylic canvas artwork. This is where rain and brilliant color cascade over a man’s face while a spoken-word composition plays in the background.

The Intensity of NFT Trading Falls

Four of the top five blockchains in regard to sales quantity witnessed a double-digit decrease in the last seven days, as per NFT information collector CryptoSlam. Within a certain time span, trade activity on Ethereum falls to 28.85% to $176.5 million, while volume on Solana has down 13.71 percent to $24.9 million.

The largest losses during the last week were third-ranked Binance Smart Chain as well as fifth-ranked ImmutableX. It goes beyond 46.59% and 58.63%, respectively. This accounts for $4.1 million and $1.3 million in transactions. The Flow network, which accounts for $3.M in NFT sales volume, is the lone cryptocurrency in the top five that has not yet experienced a double-digit reduction.

Mary Santos
Mary Santos
Mary Santos has a degree in economics and after a successful career as an investment analyst, she found an interest in Cryptocurrency. Mary enjoys finding the latest scoop on crypto news.

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