F1: Formula 1 joins metaverse with two trademark filings for Las Vegas circuit

Formula One (F1) has made inroads into non-fungible tokens (NFTs) and the metaverse space with trademark filings ahead of the Las Vegas Grand Prix slated for November 2023.

Indeed, the entity filed two trademarks for the circuit with the United States Patent and Trademark Office (USPTO) on August 23.

Aerial acrobatic demonstration a man who flies over the Spa circuit during the Belgian GP, 25-28 August 2022 at Spa-Francorchamps track, Formula 1 World championship 2022.

The filing was revealed by licensed trademark attorney Michael Kondoudis in a tweet on August 29 and will cover NFTs, cryptocurrencies, insurance, and financial services, virtual clothing, and sports gear, currency trading, and virtual currency services, among others.

Formula One has filed 2 trademarks for LAS VEGAS STRIP CIRCUIT claiming plans for:
▶️NFTs
▶️Cryptocurrency
▶️Insurance + financial services
▶️Virtual clothing + sports gear
▶️Currency trading + Virtual currency services
…and more!#NFTs #Metaverse #Crypto #Web3 #F1 #LasVegas pic.twitter.com/AfMj6R19TW

— Mike Kondoudis (@KondoudisLaw) August 29, 2022