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<p class="is-style-lead">Ticketmaster has received a web3 trademark from the USPTO, granting the company exclusive rights to operate online marketplaces for crypto-collectibles and non-fungible assets.</p> 
<p>Under the patent, Ticketmaster has also received authorization to provide transactions and registry services utilizing blockchain technology specifically for digital collectibles.</p> 
<h2 class="wp-block-heading" id="application-acceptance">Application acceptance</h2> 
<p>Ticketmaster’s application for IC 035 has been accepted, enabling the company to establish an online marketplace catering to buyers and sellers of crypto-collectibles and blockchain-based non-fungible assets. </p> 
<p>The approval allows Ticketmaster to engage in various activities, including operating online marketplaces, providing digital collectible services, and offering registry services utilizing blockchain-based software technology and smart contracts.</p> 
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/USPTO?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#USPTO</a> has awarded <a href="https://twitter.com/hashtag/TICKETMASTER?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#TICKETMASTER</a> a <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Web3</a> trademark for online marketplaces for<br><br> ▶️ Crypto-collectibles and non-fungible assets<br> ▶️ Transactions + registry services using blockchain-tech for digital collectibles <a href="https://twitter.com/hashtag/NFT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#NFT</a> <a href="https://twitter.com/hashtag/Taylorswift?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Taylorswift</a> <a href="https://twitter.com/hashtag/TaylorSwiftTheErasTour?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#TaylorSwiftTheErasTour</a> <a href="https://twitter.com/hashtag/blockchain?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#blockchain</a> <a href="https://twitter.com/hashtag/NFTs?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#NFTs</a> <a href="https://t.co/oV3NdihCE4" target="_blank">pic.twitter.com/oV3NdihCE4</a></p>— Mike Kondoudis (@KondoudisLaw) <a href="https://twitter.com/KondoudisLaw/status/1671510804070318083?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 21, 2023</a>
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<p>With this development, Ticketmaster will have the ability to facilitate transactions and registry services through an online marketplace platform, utilizing the potential of blockchain and smart contracts. </p> 
<p>The platform will focus on digital collectibles encompassing a wide range of content such as photos, images, artwork, videos, games, and virtual experiences in the realms of arts, entertainment, sports, and popular culture.</p> 
<p>Discussions of an online marketplace have been in the works since the end of 2021 when during Live Nation’s quarterly results announcements, CEO Michael Rapino spent a great deal of time discussing NFTs and blockchain technology. </p> 
<p>Rapino sees NFTs as another avenue to “cement that magic moment called the concert.” The Live Nation CEO envisages layering an NFT on a ticket via Ticketmaster.</p> 
<p> You might also like: <a href="https://crypto.news/court-ruling-fuels-coinbases-regulatory-quest-against-sec/"> Court ruling fuels Coinbase’s regulatory quest against SEC </a> </p> 
<p>This development aligns with the growing interest in digital assets and the increasing popularity of NFTs (non-fungible tokens). </p> 
<p>Ticketmaster’s entry into the online marketplace for crypto-collectibles and non-fungible assets strengthens the infrastructure supporting these digital assets, providing a trusted and regulated platform for participants to engage in the market.</p> 
<h2 class="wp-block-heading" id="reflection-of-a-broader-industry-trend">Reflection of a broader industry trend&nbsp;</h2> 
<p>Furthermore, FIFA’s submission of trademark applications in the Metaverse domain reflects the broader industry trend of exploring virtual experiences and digital engagement. This indicates a recognition of the potential of the Metaverse and its application in areas such as virtual reality gaming, virtual clothing and footwear, and entertainment services.</p> 
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<p>In related news, FIFA, the international governing body for football, has recently submitted nine additional trademark applications in the Metaverse domain as part of its “WE ARE” campaign. </p> 
<p>These applications indicate FIFA’s intentions to explore various avenues within the Metaverse concept, including virtual reality gaming, virtual clothing and footwear, sports-related services, entertainment services, and more.</p> 
<p> Read more: <a href="https://crypto.news/cardano-unveils-node-8-1-1-update-for-ada-network/"> Cardano unveils Node 8.1.1 update for ADA network </a> </p>

Ticketmaster secures USPTO web3 trademark for online marketplace

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