UK GOVERNMENT EXPLORES IP LANDSCAPE IN THE METAVERSE

 



The metaverse is gaining significant traction as it seeks to revolutionize how we interact, work, and play in this virtual environment. It is no surprise that countries are taking notice of this emerging technology. In particular, the UK government has analyzed the metaverse’s intellectual property landscape, highlighting IP and trademark applications for this digital frontier.

The UK government’s report reveals a surge in metaverse-related patent filings, with 71,738 international patent families (IPFs) identified as of June 30, 2021. IPFs are patent applications filed in at least two different countries. This surge reflects the growing interest and investment in metaverse technologies, with a notable increase observed from 2015 to 2018.

The United States leads in the number of IPFs, showcasing its pioneering role in this digital landscape, while Japan holds second place.

Among companies, Qualcomm owns the most IPFs in this domain, while Huawei also showcases rapid growth in metaverse-related filings. The annual count of metaverse IPFs published by Huawei has seen a substantial rise, with a 190% increase from 48 in 2015 to 140 in 2021.

In addition to patent filings, trademark activity related to the metaverse has also seen exponential growth. By June 30, 2023, there were 31,503 UK trademark applications in this domain. Interestingly, recent years have shifted from goods to service-related applications, reflecting the evolving nature of the metaverse economy. Between 2014 and 2018, trade mark applications featuring virtual reality terms in their descriptions saw a fivefold increase, with virtual reality specifications appearing in approximately 2.36% of all UK trade mark applications by 2022, according to the report.

With the metaverse expected to reach over 1.4 billion users and a market volume of $490.4 billion by 2030, the report released by the UK illuminates the substantial growth occurring within this sector, emphasizing the keen interest of numerous companies and brands to venture into this domain, showcasing their pioneering spirits.

Companies are noticing the potential of this space and are proactively tapping into it. We at SKOR Metaverse are elated to hear about this as it stands as a testament to the growing influence/power of the digital realm.

SKOR Metaverse is a specialist e-sports gaming metaverse company driven by AI.

With a commitment to revolutionizing the gaming landscape, SKOR will create immersive and dynamic experiences within its metaverse, offering users unparalleled levels of engagement and excitement.

Our platform will offer users the chance to create and customize their avatars, collect NFTs, and compete in esports tournaments and competitions. Additionally, SKOR Metaverse will enable users to monetize their experiences and assets, enhancing the overall interactive and economic dimensions of the platform.

Please follow us on our social media channels and visit our website https://skormetaverse.io/ to keep up with everything we are doing and to play our 200+ free hyper-casual games https://skormetaverse.io/playgame

If you would like to get in touch with us, please contact info@footballrare.com

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