New Balance ‘Virtual Goods’ Trademarks Hint of Upcoming Metaverse and NFT Venture

New Balance "Virtual Goods" Trademarks Hint of Upcoming Metaverse and NFT Venture

Following Adidas and Nike getting into the metaverse, the sneaker manufacturer New Balance seems to be prepping to launch virtual items tied to its products. The firm filed three trademark applications with the United States Patent and Trademark Office (USPTO) that describe “downloadable virtual goods” featuring “footwear, clothing, sports bags, sports equipment, and accessories for use in online worlds.” Sneaker Manufacturer Files for New Balance-Branded Virtual Shoes, Clothing, and Sports Equipment Trademarks

The American sports footwear and apparel brand established in 1906, New Balance, is showing an interest in virtual goods, according to its recent trademark filings. The Boston-based company follows Nike and Adidas entering the industry of metaverse items, non-fungible tokens (NFTs), and blockchain technology. Trademark attorney Josh Gerben of Gerben Intellectual Property discovered the filings which were registered on January 13, 2022.

“New Balance is coming to the metaverse,” Gerben tweeted. “The company just filed 3 trademark applications (on January 13th) claiming an intent to sell NEW BALANCE-branded virtual shoes, clothing and sports equipment.”

The trademarks describe a myriad of “downloadable virtual goods” that can be leveraged in virtual worlds. They also explain how retail store services can feature “virtual merchandise” that showcases the sneaker and sports apparel manufacturer’s product line. Additionally, the New Balance trademarks describe “entertainment services” that provide online accessories to virtual participants. New Balance a Few Steps Behind Nike and Adidas, Puma Files Similar Trademarks

Nike and Adidas are a few steps ahead when it comes to the metaverse game. Adidas has recently partnered with The Sandbox, Coinbase, and the creators of the Bored Ape Yacht Club (BAYC). Nike recently partnered with Roblox, filed metaverse-related patents, and it acquired the NFT startup RTFTK Studios in order to “deliver next-generation collectibles.”

Furthermore, the trademark attorney Gerben recently discovered that the sneaker and sports apparel manufacturer Puma has also filed trademarks that are similar to New Balance’s recent filings with the USPTO. Tags in this story Adidas, Analysis, Athletic Gear, Athletic Shoes, Blockchain, Cryptokicks, Digital Assets, downloadable virtual goods, Footwear, Metaverse, multinational footwear, New Balance, nft, NFTs, Nike, Non-fungible Token, Non-fungible tokens, Patents, report, sports apparel, virtual goods

What do you think about New Balance stepping into the metaverse with its recent USPTO trademark filings concerning virtual goods? Let us know what you think about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Apple on Metaverse: We See a Lot of Potential and Are Investing — CEO Tim Cook Says "It"s Very Interesting to Us" METAVERSE | 2 days ago Samsung Provides a Glimpse Into the South Korean Metaverse and NFT Craze METAVERSE | 6 days ago

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