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According to intellectual property lawyer Michael Kondoudis, nonfungible token (NFT) and metaverse trademark filings are “reliable signs” of future-use plans. A slew of prominent corporations have already filed for NFT-related trademark applications in 2023. These applications are subjected to “substantive review” and may be denied for a variety of legal and technical reasons. He believes that in the future, companies will act on their NFT patents. This could include licencing or developing their own NFT-based products and services.

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