Energy giant Chevron is filing for trademarks in the NFT space and the metaverse
Over the past year, the global community has witnessed the introduction of NFTs in various sectors of industry and the economy. Now Chevron is stepping into the NFT world, declaring that Web3 needs energy.
On March 2, it became known that Chevron filed trademark applications with the US Patent and Trademark Office, after which many experts speculated about the likelihood of Chevron entering the NFT space and the metaverse.
Energy giant Chevron in the metaverse is a breakthrough for the NFT world
The main reason why such an event is considered a breakthrough for the NFT world is that now there are more opportunities for enthusiasts in energy. For example, over time, Chevron may provide more than just NFT tokens, but renewable energy, oil, and other products as digital goods.
Already well-known trademark lawyer Michael Kondudis announced the news on March 7th in a tweet:
“Chevron clearly sees the potential of the metaverse and is preparing its trademark for the coming economy of virtual goods and services.”
Today, for large global companies and brands, the most important and first step in moving forward in the NFT space is the filing of trademark applications. This is a well-known good practice for any organization that wants to debut in Web3, record artists, corporate players, sports leagues and everyone else are on this path to the future of Web3.
Many enthusiasts of the NFT world will be interested to see how Chevron plans to develop in this industry, and what role energy will play in this. Certainly Chevron was the first energy company to join the NFT space, but it won’t be the last. The energy sector is notoriously unhappy with innovations that deviate from the core of their business. This has led many to question whether the major players in the energy industry will recognize Web3 or not.
Nevertheless, thanks to its influence, Chevron has become a positive sign for the NFT world for the coming changes.