The top five metaverse coins by market capitalization have seen double-digit weekly growth

Is there a growing interest in the metaverse?

Indeed, the significant gains recorded by these currencies may indicate a renewed interest in the metaverse among crypto investors, as evidenced by the increasing number of renowned persons, companies, sports clubs, and organizations filing for metaverse-related trademarks.

From January 1 to May 31, 2022, the number of NFT-related trademarks in the United States surpassed 4,000, implying that around 27 new NFT trademarks were filed every day in the first half of the year.

Meanwhile, on July 7, Reddit, the social news aggregation, content rating, and discussion website, announced the establishment of an NFT marketplace for unique collectible avatars.

The platform will offer users the permission to use the NFT as an avatar not only on Reddit, but also everywhere on the internet.