This auto giant has become the latest step in the world of NFT

This auto giant has become the latest step in the world of NFT

Ford Motor Company revealed its meta-ambitious ambitions. The auto giant was the most recent to file a trademark with the United States Patent and Trademark Office (USPTO).

Trademark attorney Mike Kondodis tweeted that the American auto giant has filed 19 trademark applications covering major brands, such as Mustang, Lincoln, Bronco, etc.

A closer look at the app

A closer look at One Among the 19 applications, it is clear that the deposit covers different products. These include artwork, text, audio, and downloadable videos featuring Ford’s vehicles. It will be documented by NFTs, Digital Merchandise and the NFT Marketplace to promote digital artwork among other things.

The app also mentioned “downloadable virtual goods” that include accessories and parts for vehicles. This will be for “online virtual worlds” including exhibitions set in virtual and augmented reality.

A new trend in the industry

The auto industry is seeing a trend of belonging to the metaverse, with NFTs and digital products. Moreover, well-established brands, such as Nissan, Toyota, etc., advertise projects related to the space.

Additionally, with NFTs bundled with the actual vehicle, it is possible for NFTs to be offered as an accessory with the purchase of cards. This may complement the eco-friendly hub of automakers toward electric models

Mike Kondodis also tweeted earlier this week that 2022 has seen more than 5,800 trademark applications filed for NFTs and related services. The second quarter of 2022 alone saw 2,351 deposits, which is more than 2,087 for the whole of 2021.

Earlier this year, Mercedes-Benz entered into a partnership with Art2People to A committee A one-off Mercedes-Benz NFT collection based on their G-Class lineup. Around the same time, Italian sports car maker Lamborghini announced its first NFT range.

NFT trend captures related industries

British car maker McLaren announce In June this year, the Formula 1 (F1) arm will create the McLaren Racing Group. This will be an NFT collection showcasing their racing cars. The F1 Championship itself revealed last month that it plans to offer NFTs and digital merchandise.

Cryptocurrency exchanges have also benefited from the increased interest of retail users in NFTs. The exchanges have partnered with several teams as sponsors of the Formula One World Championship. FTX has partnered with Mercedes F1, and Aston Martin has teamed up with Furthermore, Ferrari is sponsored by Vilas.

Thousands of filings made to the USA office indicate the increasing adoption of NFTs among the big names globally. Metaverse is seeing participation from the big tech, automotive, fashion and fast food industries.

NFT . Industry expected to become a $240 billion industry by the end of the decade. It’s clear that everyone wants a piece of it.

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