Kevin Durant goes Big on NFTs and Metaverse
As non-fungible tokens (NFTs) continue to be adopted by many famous personalities, brands, and companies, it helps them to find unique and interactive ways to engage with their fans, while also receiving financial value from their offerings. The latest popular figure to join the NFT craze is famous national basketball association (NBA) professional star, Kevin Durant who is currently apart of the Brooklyn Nets Team.
By working together with his very own Venture Capital company Thirty-Five Ventures LLC, Kevin Durant has registered 26 NFT and metaverse trademark applications with the U.S. Patent and Trademark Office. This information regarding this development was shared by trademark attorney Michael Kondoudis through a tweet he posted on social media platform Twitter.
The tweet from Michael Kondoudis also mentioned that once these 26 trademark applications are approved, it will enable fans of Kevin Durant to buy and download his uniquely designed set of NFTs, NFT powered media and cryptocurrency collector items, while also allowing them to be tradable on NFT trading platforms and crypto marketplaces.
NFT Adoption Growth
This development from the NBA star regarding his interest in NFT and metaverse might not be much of a surprise for many, as the number of popular figures, brands and firms working with NFTs have already grown to impressive levels. Alongside Kevin Durant, other personalities like football legend, David Beckham and singer Billie Eilish have also recently joined the NFT craze. Many famous food brands such as, McDonalds, KFC, Taco Bell, and Pizza Hut have also managed to enter the space.
Although NFTs might still be seen to be something new, however the interest rate is continuing to grow at a rapid pace. Official research from Finbold, the number of trademark registrations of NFTs in the United States had soared to more than 400% last year, with this massive trend continuing this year as well, with a total trading volume of NFTs going by more than $54Billion, recorded last month.
Chief Marketing Officer at Gate.io, Marie Tatibouet expressed her thoughts around NFTs, going as far as stating that she thinks that NFTs will somehow overcome the total market capitalization of Bitcoin in the coming times.
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