News Report
June 28, 2022

eBay is filing Metaverse trademarks

eBay is filing Metaverse trademarks
A photograph of eBay’s corporate headquarters, taken from Greylands Dr. on Memorial Day 2009. Via Wikimedia Commons, by Steve Arnold.

Digital auctioneer eBay rang bells across the metaverse today after indirectly announcing they filed three Web3-related trademarks with the United States Patents and Trademarks Office (USPTO). This first step towards solidifying a virtual presence and scaling the company arrived on the same day as several similar developments–Lowe’s Hardware Store and French fashion label Louis Vuitton also filed patents of their own, marking a greater trend. 

All three companies have dipped their toes in the crypto pool one way or another. Now they’re getting serious. 

The news about eBay broke with a tweet from a patent lawyer–presumably theirs–named Mike Kondoudis. “eBay Inc. is coming to the Metaverse!” he wrote on Tuesday, June 28. “On June 23, the company filed trademarks indicating plans for: NFTs, NFT exchanges, NFT trading, NFT + Virtual good marketplaces, Online retail stores with actual and virtual goods.”

All the details are in an image below, down to the serial numbers and filing date. The nitty gritty notably mentions a consumer Web3 development suite, exchange services, and naturally–marketplace services. It also reveals potential plans for an online retail store offering actual and virtual goods from third parties, and perhaps even the company’s own downloadable virtual goods–we already knew eBay was at work on a metaverse department store, but proprietary merch would be new. 

Meanwhile Lowe’s just followed last week’s debut of their 3D visualization tool Open Builder with its own trademark filing, along with two more protecting their own company name–as reported by NFT Gators. Louis Vuitton may have been the target of a recent scam related to their NFT projects, but they followed suit with the trademark trend, filing “four new trademark applications for its brand name, logos and monogram indicating plans for “phygital” products.”

One has to wonder how eBay will fare in this cryptocrime climate, when trust issues already dog their Web2 services. 

eBay is filing Metaverse trademarks
Imagine bidding on Ugg boots like this. Via Unsplash.

It’s hard to see what could come of it all yet. However, their enthusiasm at this present moment alongside big names like Binance bodes well for the metaverse’s well-publicized inevitability. That enthusiasm also calls to mind the timely and tempering sentiments of Polygon Studios’ CEO Ryan Wyatt earlier this month–it’s all about the value add, rather than the cash grab. 

The Open Builder seems like an incredibly useful and cost saving tool. Time alone will tell if Louis Vuitton can harness LVMH’s economic might to build something truly unique in Web3. eBay sits somewhere between the complete utility of Lowe’s and Louis Vuitton’s entire reliance on sex appeal. When eBay hit the scene, it was a cultural phenomenon with power from both ends of the spectrum. It was where Kim Kardashian cut her entrepreneurial teeth. 

Some outlets count Amazon as eBay’s greatest competitor, and although each company has at times emulated the other, they also command unique premises. eBay will always be an online auction platform first and foremost, which feels like a competitive capability given the nature of NFTs, but also the critical importance of actual engagement when working in Web3. If eBay does proceed with the department store already alluded to, it will be a missed opportunity. Imagine, really, if you could literally walk into eBay. Wouldn’t that party be kind of crazy?

These three companies’ first trademark filings are only the start. 

Read related posts:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Vittoria Benzine is a Brooklyn-based art writer and personal essayist covering contemporary art with a focus on human contexts, counterculture, and chaos magic. She contributes to Maxim, Hyperallergic, Brooklyn Magazine, and more.

More articles
Vittoria Benzine
Vittoria Benzine

Vittoria Benzine is a Brooklyn-based art writer and personal essayist covering contemporary art with a focus on human contexts, counterculture, and chaos magic. She contributes to Maxim, Hyperallergic, Brooklyn Magazine, and more.

Hot Stories
Join Our Newsletter.
Latest News

Crypto Weekly Summary: BTC. Alts: SUI, HMSTR, SOL, EIGEN

by Strategy Master
October 07, 2024

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
Phantom Rolls Out Beta Support For Base, Enabling Users To Explore Its Ecosystem
News Report Technology
Phantom Rolls Out Beta Support For Base, Enabling Users To Explore Its Ecosystem
October 8, 2024
Binance  Launches ‘Traders League’ Competition With $10M Prize Pool
News Report Technology
Binance  Launches ‘Traders League’ Competition With $10M Prize Pool
October 8, 2024
Ether.fi To Introduce Staking Rewards On October 15, Incentivizing weETH And eETH Holders
News Report Technology
Ether.fi To Introduce Staking Rewards On October 15, Incentivizing weETH And eETH Holders
October 8, 2024
Bitfinex Alpha: Bitcoin Experiences Healthy Pullback, But Outlook Remains Uncertain
Markets News Report Technology
Bitfinex Alpha: Bitcoin Experiences Healthy Pullback, But Outlook Remains Uncertain
October 7, 2024