9GAG Applies for Multiple NFT Patents: What It Could Mean for the Brand

03/09/2023 20:44 • Blockchain Briefs • 184 views

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.

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

Analysis based on this information:

Ninegag (9GAG) is a social media platform for sharing and liking funny pictures, videos, and internet memes. Recently, it was reported that the brand had applied for various digital tokens and NFT (non-fungible token) patents. Neer McD, a trademark and copyright lawyer, announced on Twitter that 9GAG has applied for patents encompassing multiple use cases of NFTs.

The first patent is for the word “PFP” itself. PFP stands for “profile picture,” and its patent implies that 9GAG intends to create and distribute NFT-based profile pictures for users on its platform. This move could be significant as it shows 9GAG’s intentions to integrate blockchain technology into its network, moving beyond mere content sharing and liking.

9GAG has also secured permission to create and distribute digital tokens. The potential applications of this extend to the management of customer loyalty programs. Here, users are rewarded with digital assets, digital tokens, utility tokens, NFTs, digital collections, encrypted collections, encrypted currencies, digital currencies, and virtual currencies. This move indicates that the brand aims to connect directly with its loyal customer base, dishing out digital awards, and being engaging beyond content sharing, thereby boosting brand advocacy and increasing usage by customers.

Additionally, the brand has provided online retail store services featuring virtual goods, digital content, and NFT. This move shows 9GAG’s willingness to leverage blockchain technology beyond social media and memes into digital asset trading, a potentially lucrative space of the cryptocurrency ecosystem.

In conclusion, 9GAG’s move to secure a variety of NFT-based patents shows a keen interest in NFTs and blockchain technology, wanting to dip its toe and leverage the technology to offer consumers more services. The firm is also seeking to engage with its customers in ways that go beyond content sharing and likes, strengthening its advocacy and usage among customers. These initiatives could lead to a more robust, diversified business model for 9GAG, which may prove beneficial in the long term.

Overall, these developments could be indicative of how other social networks may begin to explore the capabilities of blockchain technology to expand their ecosystems beyond likes and content sharing.

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9GAG Applies for Multiple NFT Patents: What It Could Mean for the Brand

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

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