Many institutions are gradually integrating into the cryptocurrency sector. It is no longer a surprise. Formula 1 launching into the digital world is still no surprise. But when Formula One files eight trademark applications covering cryptocurrencies and the metaverse, it’s quite a surprise!

On October 5, Formula 1 filed eight trademark applications with the United States Patent and Trademark Office (USPTO). These trademarks cover many digital products. Among others, cryptocurrencies, non-fungible tokens (NFT) and the metaverse.

As the world moves at high speed, Formula One is determined not to jump on the bandwagon. Mike Kondoudis, a USPTO certified trademark attorney, Express in a tweet. According to statements by the latter, the requests were submitted by…