9GAG submits and applies for various digital tokens and NFT patents

It is reported that the trademark and copyright lawyer Neer McD (Neer McD. eth) announced on Twitter that 9GAG applied for various digital tokens and NFT patents. Neer McD said that 9GAG has applied for patents around multiple use cases of NFT. The first is the word “PFP” itself. Other patents include permission to create and distribute digital tokens, management of customer loyalty programs, which reward users with digital assets, digital tokens, utility tokens, NFT, digital collections, encrypted collections, encrypted currencies, digital currencies and virtual currencies. It also provides online retail store services featuring virtual goods, digital content and NFT.

Interpretation of this information:

The news that 9GAG has applied for several patents related to NFT and digital tokens was announced on Twitter by trademark and copyright lawyer Neer McD. According to McD, the patents involve various use cases of NFTs, including the word “PFP” itself. The patents also cover permission to create and distribute digital tokens, management of customer loyalty programs which reward users with digital assets, and online retail store services featuring virtual goods, digital content and NFTs.

Neer McD’s announcement highlights the growing popularity of NFTs and digital tokens, which have gained significant attention in recent months. NFTs are unique, verifiable digital assets that can be bought, sold, and traded like physical assets. They are often used to represent art, music, videos, and other forms of creative work.

The fact that 9GAG is applying for patents related to NFTs and digital tokens shows that the company wants to capitalize on the trend and retain a competitive edge in the market. By securing patents, 9GAG can ensure that it has exclusive rights to certain use cases of NFTs, which can help to prevent competitors from copying its ideas.

The use cases of NFTs covered by the patents also demonstrate the versatility of the technology. For example, allowing customers to earn digital assets through loyalty programs can incentivize them to continue engaging with a company or platform. Additionally, NFTs and digital tokens can be used to securely and transparently manage online transactions, making them a promising solution for the e-commerce industry.

In summary, 9GAG has applied for multiple patents around various use cases of NFTs and digital tokens, with a focus on creating, distributing, and managing digital assets. The move suggests that the company is betting on the long-term viability of NFTs and wants to position itself as a leader in the space.