1300 Companies in China File Virtual World Patent Applications

MetaversePlanet January 3, 2022

0 1 minute read

Interest in the Metaverse universe, introduced by Facebook at the end of the year, continues to skyrocket. Recent reports indicate that this virtual universe trend has reached unprecedented heights. Data from China reveals that over 1,300 companies have applied for trademark registration for their Metaverse investments, a massive increase from 130 applications just three months prior.

The Metaverse technology, which has captivated the world’s attention this year, is gradually finding its place in all aspects of life. This technology is so influential that Facebook changed its name to Meta. It has drawn the interest of numerous companies recently, pushing the number of firms investing in Metaverse to over a thousand in China alone.

The latest data reveals that more than 1,300 companies, including industry giants like Tencent, Huawei, and Alibaba, have applied for trademarks for their Metaverse investments.

Metaverse Investments Soar to $1.5 Billion

The reports also reveal that Metaverse investments made during the final months of 2021 alone totaled $1.5 billion. The number of companies applying for trademark registration has now surged to over 1,360, signifying a tenfold increase in just three months.

Tencent, which owns 48.4% of Epic Games, the voice of Fortnite, a prominent Metaverse example, is among the leading Chinese firms applying for trademarks. Information suggests that Tencent is a frontrunner in Metaverse investment, having applied for nearly 100 registrations. In addition, Xiaomi has invested in the virtual reality company Sky Limit Entertainment, Alibaba has set up its XR Lab initiative for Metaverse preparation, and ByteDance, TikTok’s parent company, has joined the race by acquiring VR glasses manufacturer Pico for $1.4 billion.

Metaverse investments, experiencing rapid growth and advancement, are not confined to China. In the West, tech giants such as Microsoft, Google, Apple, and Meta persistently evolve their virtual and augmented reality technologies, presenting new developments daily.