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Right in: Popular social media platform 9GAG obtains patents for various digital tokens and non-fungible tokens (NFTs). Patents cover different goods and services related to fandom, social media, virtual environments, digital arts, crypto collectibles, NFTs, app tokens, and digital currencies! Let’s dig into each of these trademarks below and what we can expect from 9GAG!

a 9GAG logo next to the "First generation of memes." - early caricatures of meme culture

9Gag: What does the internet giant plan to do on Web3?

Earlier this week, copyright and trademark lawyer @NeerMcD (NeerMcD.eth) took to Twitter to reveal 9Gag’s plans for the immediate future. In essence, he explains that 9GAG has filed patents for multiple NFT-related use cases. The first of which is the word “PFP” itself! This word is used in the NFTverse to refer to “Profile Picture” projects, including many avatar-based projects. It is the most common type of NFT pickup/drop to date.

Moonbirds is a PFP project

Other patents include downloadable software that enables the creation and distribution of digital tokens. Also, these digital tokens are used as “fan tokens”. These “fan tokens” will allow holders to demonstrate loyalty to a particular fandom or community. The software can be customized and users can select distribution methods.

More patents include managing a customer loyalty program that rewards users with digital assets, digital tokens, utility tokens, NFTs, digital collectibles, crypto-collectibles, cryptocurrencies, digital currencies, and virtual currencies. It also offers online retail store services with virtual goods, digital content, and NFTs. Although no mention of ‘phygital’ trademarks of the brand is yet hinted at. The company’s trademark includes the provision of an online marketplace for buyers and sellers of goods and services. This also includes NFT-authenticated digital goods. Could this lead to a “9GAG Wallet”?

More Patents and Plans

Under IC 036, 9GAG patents security token issuance, virtual currency transaction trading services, and financial transaction services involving cryptocurrencies, NFTs, and blockchain technology. These services offer secure business transactions and payment options for digital assets. 9GAG also patents a non-downloadable online computer software platform.

This platform is also for creating and distributing digital tokens to demonstrate loyalty to a particular fandom or community mentioned above. It also offers Platform as a Service (PaaS) and Software as a Service (SaaS). These services allow software access to digital marketplaces, virtual environments, and auctions.

9GAG is at the forefront of meme culture. It remains, for many, a voice of internet culture and meme media for decades. Seeing the brand spin on web3 and NFT is certainly a refreshing take. As PUNK 6529 says “we must take advantage of production memes”. And who better to do it than 9GAG?

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All investment/financial opinions expressed by NFTevening.com are not recommendations.

This article is educational material.

As always, do your own research before making any type of investment.

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