Crypto Catch: English Premier League wades into the digital realm

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Crypto Catch: English Premier League wades into the digital realm

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 Crypto Catch: English Premier League wades into the digital realm
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Highlights

  • The English Premier League is gearing up to expand into the digital scene after the soccer league filed two cryptocurrency and NFT trademarks in the U.S.
  • Bitcoin fell over 5 per cent to trade below the US$30k mark

The English Premier League is gearing up to expand into the digital scene after the soccer league filed two cryptocurrency and NFT trademarks in the U.S.

While the trademarks were announced in a tweet by licensed trademark attorney Michael Kondoudis (Kon/dow/dis) just yesterday, the trademarks were filed last week.

The EPL is one of the largest sporting organisations in the world along with the NFL, NBA and NHL.

The two patents were filed to use trademarks associated with the league - one of them, the league’s name and logo and the other:  a “loving cup trophy” with a crown on top and lions on each handle..

The trademark filings cover the creation and sale of digital assets, virtual clothing, cryptocurrencies, and media files verified by NFTs and also include the use of Premier League trademarks in any virtual, augmented, or mixed reality.

Also read: Top three NFT cryptos by market cap

In market news, Bitcoin fell more than 5 per cent from yesterday, to trade below the US$30k mark, and was recently trading at US$29,466.

Ethereum fell nearly seven per cent from yesterday to trade at US$1,753 per token.

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Data Source: CoinMarketCap.com, based on top 100 cryptos. 

Note: Growth from the 24 hours prior to 12:30pm AEDT 

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