Foam Shoes Giant Crocs Files Trademark Application for NFTs and Digital Collectibles – Bitcoin News

Colorado-based American shoe company Crocs may be delving into the world of non-fungible tokens (NFTs), according to a recent trademark filing. Crocs has sold 300 million pairs of foam clogs since 2004, and the app describes a protocol that can manage and store digital collectibles.

Crocs trademark application describes “downloadable virtual goods created using blockchain technology, smart contracts, footwear nature”

A report filed by the United States Patent and Trademark Office (USPTO) on January 11, 2022, indicates that Crocs has its sights set on the non-fungible token (NFT) industry. Crocs has been known for its injection-molded foam clogs since 2004, when the company acquired the exclusive rights to a proprietary foam product called Croslite.

This USPTO report A completely different product from foam clogs was displayed. “The registration is intended to cover categories of downloadable digital media, namely digital assets, digital collectibles, digital tokens and non-fungible tokens (NFTs),” the Crocs trademark application states. It further mentions the use of blockchain technology and smart contracts to showcase Crocs’ products and more. The document added:

[The registration is intended to cover] Downloadable virtual goods created using blockchain-based software technology and smart contracts featuring footwear, apparel, bags, accessories and the charm of decorative footwear, apparel, bags and accessories; used to create, manage, store, Downloadable computer software to access, send, receive, exchange, verify and sell digital assets, digital collectibles, digital tokens and non-fungible tokens (NFTs).

In terms of sales, Crocs are not as popular as they were in the first few years, and in 2010, Time Magazine Add to Crocs named in the world’s “50 Worst Inventions”.However, crocodiles are still worn by celebrities Nicki Minaj, Kim Kardashian and Justin Bieber. Although the trademark indicates an interest in securing the intellectual property (IP) rights of Crocs based on NFTs, the company has not mentioned anything recently regarding the exploitation of NFTs.

At the same time, many well-known brands from all over the world have poured into the NFT world.Popular brands such as adidas, Budweiser, Hennessy, Arizona Iced Tea, Samsung, Ubisoft, Konami, bike, Pepsi, Atari and Delorian.

tags in this story

adidas, Arizona Iced Tea, Atari, bike, Budweiser, Collection, Croc NFT, Crocodile, Crocs Foam Shoes, Crocs NFT, Crocs NFT, DeLorean, digital collectibles, downloadable, foam shoe company, Hennessy, intellectual property, ip, Konami, nft, NFT industry, NFT, non-fungible token, Pepsi, Samsung, shoe company, Ubisoft

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

Jamie Redman

Jamie Redman is Head of News for News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,000 articles for News on the disruptive protocols emerging today.

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