Foam Footwear Giant Crocs Applies for NFT Trademark and Digital Collectibles – Bitcoin News

Foam Footwear Giant Crocs Applies for NFT Trademark and Digital Collectibles – Bitcoin News

According to a recent trademark application, Crocs, a U.S. footwear company based in Colorado, may be entering the world of irreplaceable tokens (NFT). Since 2004, Crocs has sold 300 million pairs of foam shoes, and the app describes a protocol that can manage and store digital collectibles.

Crocs trademark application describes ‘virtual goods that can be downloaded created by Blockchain technology, smart contracts, in the nature of footwear’

A report by the United States Patent and Trademark Office (USPTO) filed on January 11, 2022 indicates that Crocs has an eye on the irreplaceable token industry (NFT). Crocs has been known for its injected foam clogs since it secured exclusive rights to a proprietary foam product called Croslite in 2004.

The USPTO report shows a product that is completely different from foam clogs. “The registration is intended to cover downloadable categories of digital media, namely digital assets, digital collectibles, digital tokens and fixed tokens (NFT),” the Crocs trademark application states. He goes on to mention things like using blockchain technology and smart contracts to present Crocs products. The submission adds:

[The registration is intended to cover] downloadable virtual goods created by blockchain-based software and smart contracts, in the form of footwear, clothing, bags, accessories and pendants for decorating footwear, clothing, bags and accessories; Downloadable computer software for creating, managing, storing, accessing, sending, receiving, exchanging, validating, and selling digital assets, digital collectibles, digital tokens, and irreplaceable tokens (NFTs).

In terms of sales, Crocs are no longer as popular as they used to be during the first few years when they were introduced, and in 2010 TIME magazine added Crocs in the world’s “50 worst inventions.” Crocs, however, are still worn by celebrities such as Nicki Minaj, Kim Kardashian and Justin Bieber. Although the trademark indicates an interest in securing the intellectual property rights (IP) of Crocs based on NFT, the company has not mentioned anything about the use of NFT lately.

Meanwhile, a multitude of well-known brands from all over the world are jumping into the world of NFT. Popular brands such as Adidas, Budweiser, Hennessy, Arizona Iced Tea, Samsung, Ubisoft, Konami, Bicycle, Pepsi-Cola, Atari i Delorean.

Labels in this story

Adidas, Arizona Iced Tea, Atari, Bicycle, Budweiser, collecting, Croc NFTs, Crocs, Crocs Foam Shoes, Crocs NFT, Crocs NFTs, DeLorean, Digital Collectible, Downloadable, Foam Shoe Company, Hennessy, Intellectual property, ip, Konami, nft, NFT industry, NFTs, An irreplaceable token, Pepsi-Cola, Samsung, Shoe Company, Ubisoft

What do you think about the Crocs NFT trademark application registered on January 11? Tell us what you think about this topic in the comments section below.

Foam Footwear Giant Crocs Applies for NFT Trademark and Digital Collectibles – Bitcoin News

Jamie Redman

Jamie Redman is a news anchor on News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News about the disruptive protocols that appear today.

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