Please note, this is a STATIC archive of website www.coindesk.com from 28 Feb 2023, cach3.com does not collect or store any user information, there is no "phishing" involved.

Jamie Crawley is a CoinDesk news reporter based in London.

China's government has begun rejecting trademark applications related to metaverse projects, according to numerous local media reports.

  • Trademark applications containing yuan yuzhou - Mandarin for metaverse - have been denied registration by the National Intellectual Property Administration, the South China Morning Post (SCMP) reported Monday citing data from business and trademark registration tracking firm Tianyancha.
  • Those rejected include applications by NetEase, iQiyi and Xiaohongshu.
  • Applications by the country's tech giants including Tencent and Alibaba (which owns the SCMP) are still pending review.
  • The action has been attributed to an attempt to combat a rush of such applications which could cause trademark squatting – a situation where someone other than the original brand owner obtains a trademark – and misunderstanding among consumers.
  • According to experts, this suggests that authorities are attempting to assuage any potential hype around the metaverse in the technology industry.
  • “What I see is the government encouraging enterprises to enter the metaverse arena with genuine technological capability,” Chen Gaojie of tech research firm PatSnap, told the SCMP. “The metaverse involves many core cutting-edge technologies, such as artificial intelligence and blockchain.”
  • The metaverse is a conceptualized world where the internet eventually becomes an immersive virtual space that can be used for work, play, socializing, experiences and events. The term was coined by Neal Stephenson in his 1992 novel “Snow Crash.”

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.