Nike, the global sports clothing manufacturer, has filed for a patent called “Cryptokicks.” The document suggests that a new cryptocurrency will soon appear on the market.

The rumor started to spread after observers found Nike’s trademark application for the phrase “Cryptokicks.” The document is available on the U.S. Patent and Trademark Office site.

The application describes such offerings as crypto wallets, “downloadable mobile applications for providing access to crypto collectibles, crypto art and application tokens.” It also mentions an online marketplace featuring footwear and clothing.

However, there is more to it. Apparently, the company is also ready to launch its own cryptocurrency. The following line in the document feeds such a proposition  — “providing a digital currency or digital token for use by members of an online community.” The filing also says that “unconventional currency systems” should enable the planned transactions.

Besides, the document mentions that it wants to reserve the Cryptokicks name for providing “online blogs in the field of crypto collectibles.” It also envisions online computer games. These include scavenger hunts, treasure hunts and obstacle courses.

Josh Gerben, a trademark attorney in the U.S., tweeted his opinion on the matter. He believes that Nike is indeed preparing to launch its own cryptocurrency dubbed ‘Cryptokicks.’

He also elucidated that the filing’s basis is “1B”. This means that Nike commits itself to use the trademark in the near future. Nike’s competitors and the public, in general, have 30 days to object to the initiative.

Everyone wants coins these days

The speed with which big companies are trying to develop their own coins suggests that crypto is becoming a must. A wide array of companies have either already launched coins, are secretly developing them or planning to release them soon. In February, J.P. Morgan, the American financial giant, launched its own stablecoin.

More recently, it has become known that Facebook is allegedly developing a coin of its own, while Vkontakte, the Russian equivalent of FB, is planning to launch its own crypto soon.

Previous articleCardano ADA Price Analysis, Are the Bulls Back?
Next articleWirex Has Chosen Stellar over Ethereum
Lesia Dubenko
A warm hello from Ukraine! My name is Lesia, I am a journalist, writer, political scientist, and crypto enthusiast. Before joining AltcoinBuzz in May I knew nothing about crypto, I was in the dark (it was very gloomy indeed). I was all skeptic and suspicious. But then one day, probably in June-July when I was doing a podcast with James and Matt, I finally grasped the concept in full. That is when I truly started to enjoy it thoroughly. I am a big believer in crypto and blockchain. There is no doubt that it is the future. But be patient, it needs time, like a fine Chardonnay. However, if you want to know when the next bull run is happening, I highly recommend asking Luc Lammers. He will definitely spill the beans! xxx

LEAVE A REPLY

Please enter your comment!
Please enter your name here