A trademark application for non-fungible tokens (NFTs) has just been made by the German chemical manufacturer BASF. NFTs, which are distinct digital assets verified using blockchain technology, are becoming more popular at the same time as this move.
BASF filed a trademark application for “NFT” on February 17, 2022, validating the technology’s potential. This is a great step forward for the industry, as it validates the technology’s potential and increases market innovation and growth. As more traditional corporations enter the NFT area, we may anticipate increasing market innovation and growth.
Compiled by Coinbold
