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    Nike trademark applications and job postings hint at joining the metaverse


     



    Unlike reported issues with the company's physical shoe supply, virtual
    sneakers may not be limited by real world problems stemming from the
    pandemic. 

     

    Sports footwear and apparel manufacturer Nike is exploring the design of virtual materials featuring its iconic logo and slogan.

    According to records submitted to the United States Patent and Trademark Office on Wednesday, Nike has filed applications
    for its namesake, swoosh logo and "just do it" slogan to be used in
    virtual goods for its entertainment services, retail stores and "for use
    online and in online virtual worlds." The filings, along with two
    recent job postings for virtual material designers, suggest the company is laying the groundwork for Nike-branded products in the metaverse.

    Nike said
    the prospective employees would “play a key role in redefining our
    digital world, ushering us into the metaverse.” They would join a team
    of virtual material designers in the company’s Digital Product Creation
    group to create virtual footwear and other products.

    The apparel company seems to have launched its foray into the metaverse in advance of Facebook’s rebranding announcement
    on Thursday. The social media giant said it would create a virtual
    environment connecting online social experiences to the physical world.

    Though
    Nike is seemingly advancing its metaverse plans at the same time as
    Facebook, it has previously delved into nonfungible tokens, or NFTs, and
    other crypto-related ventures. In 2019, the company patented a system
    for tokenizing its CryptoKicks shoes on the Ethereum blockchain.

    However,
    the company already has some competition in the metaverse. Sneaker
    brand RTFKT Studios has released both virtual and physical footwear and
    obtained the backing of Andreessen Horowitz, Galaxy Digital, and others
    in an $8-million fundraising round in May.

    Related: “We are building for the metaverse” says Meta VP Nick Clegg

    While Nike’s virtual offerings may not be affected by the global supply chain issues, the company has reported
    issues with delivering on its physical products, including a dearth of
    shipping containers, staffing problems, and other pandemic-related
    restrictions affecting workflow. Indonesia and Vietnam are responsible
    for the majority of Nike’s physical shoe production, but the virtual
    offerings may be created entirely at its Oregon headquarters.

    source link :  https://cointelegraph.com/news/nike-trademark-applications-and-job-posting-hint-at-joining-the-metaverse


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