Connect with us

Blockchain

Nike Files Patent for Term “Cryptokicks” in U.S.

Saad Ullah

Published

on

Nike, the famous sportswear company, has filed for a patent of the term “Cryptokicks” with the U.S. Patent and Trademark Office (USPTO) on April 19th.

Crypto Merchandise

According to the document filed to the USPTO, Nike will be offering its customers a crypto based wallet and other “downloadable mobile applications for providing access to crypto collectibles, crypto art and application tokens” through an online store that would also feature its footwear and clothing.

The wallets will be used for “financial services, namely, providing a digital currency or digital token for use by members of an online community,” The monetary exchange will be done through the use of “unconventional currency systems.”

The word Cryptockicks has been specifically reserve for an ecosystem that will not only provide “online blogs in the field of crypto collectibles”, but also be used for online gaming that will involve treasure hunts and obstacles.

Analyzing the Patent

A trademark attorney for the U.S, Josh Gerben, has analyzed the patent filing and has published his opinions on his twitter account, “This appears to be a filing for a brand of a cryptocurrency … this is trademark speak for ‘this is a cryptocurrency called Cryptokicks”. According to Gerben, the patent filed was made under the 1B category, which means that Nike has also submitted an undertaking that the patent will be used in the coming future.  The filing of the patent also gives competitors a one month notice to raise any objection that they might have to the rights demanded by Nike.

Nike does not have a history of getting rights to a patent that it will not be using, so something soon is to be expected. Nike has lately been pushing a lot in the mobile and social media section for promotion of its products.  According to the footwear manufacturer, the ecommerce business of Nike is not worth around USD 2 million.

Cryptocurrency5 days ago

The Path to Crypto Trading Starts With Knowledge: A Brief Guide to Crypto Trading

Markets6 days ago

By 2025, Wearable Artificial Intelligence (AI) Market to see 30%+ growth to hit US$180 billion

Blockchain2 weeks ago

Starbucks Uses Microsoft Azure Blockchain for Transparent Coffee Sourcing

Blockchain2 weeks ago

PepsiCo Trials Blockchain Advertisment, Boosts Supply Chain Efficiency by 28%

Blockchain2 weeks ago

IBM Helps Netherland Against Bicycle Theft Through Blockchain

Blockchain2 weeks ago

Satoshi Nakamoto Live Unveiling on 14th May? This Site Says So

Blockchain2 weeks ago

Facebook Seeks USD 1 Billion in Investments for its Stable Coin, Talks With Visa, MasterCard

Blockchain2 weeks ago

New Washington State Bill Recognizes Legality of Blockchain Data

Blockchain2 weeks ago

FedEx CIO Believes Blockchain Will Become “Essential” for Businesses

Exodus
Blockchain3 weeks ago

HTC Will Launch Blockchain Smart Phone Exodus’ Successor This Year

Blockchain3 weeks ago

Jaguar Land Rover to Reward Car Owners With Iota for Data Sharing

Blockchain3 weeks ago

Japanese Premiere Wants a Cryptocurrency Governance Manual

Banking3 weeks ago

JPMorgan Flexes its Blockchain Wings As It Plans to Widen Use of IIN

Banking3 weeks ago

Cross Border Payments Through Ripple By Saudi British Bank (SABB)

Blockchain3 weeks ago

Philip Morris Wants to Use Blockchain for Validating Tax Stamps

Blockchain3 weeks ago

Nike Files Patent for Term “Cryptokicks” in U.S.

Blockchain3 weeks ago

Brazilian Confectionery Firm Roma Wins Patent for Bitcoin, Will Manufacture Chocolate Coins

Trading News3 weeks ago

Disney Interested in Buying Nexon, Might End Up Owning Bitstamp and Korbit Exchanges

Blockchain4 weeks ago

Anonymous Source Says Samsung Building Own Blockchian, Samsung Coin

Banking4 weeks ago

French Societe Generale Group Issued $112 million Worth Cover Bonds on Ethereum Blockchain

Like us on Facebook

The Trending Posts

Pin It on Pinterest

Share This