The application describes the offerings as crypto wallets and “downloadable mobile applications for providing access to crypto collectibles, crypto art, and application tokens”, along with operating an online marketplace that will feature footwear and clothing.
The document sets a plan for “providing a digital currency or digital token for use by members of an online community,” and to allow transactions to be completed employing “unconventional currency systems.”
A trademark attorney in the U.S. who analyzed the filing, Josh Gerben stated in a Tweet:
“This appears to be a filing for a brand of a cryptocurrency … this is trademark speak for ‘this is a cryptocurrency called Cryptokicks.”
Gerben elaborated that the application was made on a “1B” basis, i.e. Nike has submitted a sworn statement indicating towards their intention to employ the trademark in the near future. The filling means that the public or Nike’s business rivals have 30 days to mount an objection.
Read more:Indian Government Departments Ponders Over Draft Bill Proposing Total Cryptocurrency Ban