Just-In: English Premier League Plans To Issue NFTs, Filing Shows
The English Premier League, the world’s most popular football league, has filed two trademark applications related to NFTs and digital asset trading with the U.S. Patent and Trademark Office (USPTO). There have been speculations in recent times over the launch of NFTs by all 20 Premier League clubs and paying some part of players’ salaries in cryptocurrencies.
Premier League Files Trademark Application for NFTs, Digital Assets
Mike Kondoudis, licensed trademark attorney at USPTO, announces in a tweet on June 6 that Premier League has filed two trademark applications with the USPTO. The Premier League seeks to cover diverse crypto categories including NFTs, cryptocurrencies, and digital tokens-linked collectibles. Moreover, the football league seems to allow purchasing and sales of digital assets, referred to as digital asset trading.
Furthermore, the Premier League looks to manage financial and crypto services related to clubs, football players, officials, etc. as crypto adoption grows among clubs and players. Sponsorship and commercial deals have been growing between football clubs and crypto companies.
All 20 Premier League clubs have some sort of deal with a company in the crypto sector. For instance, Arsenal and Manchester City have signed up with fan tokens firm Socios to launch their own tokens. Recently, Chelsea entered a sponsorship deal with crypto firm WhaleFin.
Moreover, the football League’s trademark application also covers virtual clothing, footwear, and sports gear. Football clubs and players have been using NFTs, fan tokens, and merchandise for fan engagement. The clubs also offer rewards and fan tokens to their fans through their websites.
Is Crypto Adoption Possible Amid Uncertainty in the UK
While the football clubs in the Premier League continue to enter into deals with crypto companies and use NFTs for fan engagement, the regulatory tightening against crypto is rising in the UK. The Advertising Standards Authority’s ban on crypto advertising limited many clubs to withdraw their crypto ads. The ad by Arsenal Football Club was banned by the authority.
Premier League and its clubs are massively followed by people across the world. Thus, the entry of the Premier League into NFTs and crypto is a major milestone.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin vs Gold: BitMEX Co-Founder Arthur Hayes Explains Why Nations Still Prefer Buying Gold
- BTC, ETH, XRP Treasury Firms Hit Hard Amid Crypto Crash- Will Wall Street Hold Or Sell?
- 21Shares Moves Closer to XRP ETF Launch as SEC Review Window Opens
- Strategy Raises $715M to Buy More Bitcoin Through New Preferred Stock
- JPMorgan Reveals $340M BlackRock Bitcoin ETF Bet Amid Crypto Treasury Decline
- Bitcoin Price Outlook: Key Levels Indicating How Low BTC Could Fall by the End of 2025?
- Post-Giveaway Supply Shock: Impact on FUNToken’s Liquidity and Market Depth
- Aster Price Poised to Hit $2 as Coinbase Adds ASTER to Listing Roadmap
- Filecoin Price Rockets 51% as Grayscale’s FIL Holdings Hit Record High — What’s Next for FIL?
- Dogecoin Price Surges 10% as Bitwise Spot ETF Expected to Go Live Soon
- NEAR Protocol Price Surges 37% as Open Interest Jumps 59% — Is $5 the Next Target?
