Steph Curry, a champion American basketball player and the face of Under Armour, has filed to trademark “the Curryverse”. It’s not clear what this means exactly, but it seems likely that he is planning to use the term for his forthcoming sports media platform or game—his company 32 Ventures recently acquired Funky Buds and DreamTeam.
In this fantasy world, players earn NFTs for their achievements on the court and can trade those for items like sneakers and jerseys. The game will be run by Consensys, which has been tasked with creating an ERC-721 token called “currycoins” that let you play in The Curryverse when it launches later this year.
Steph Curry Pushes For Trademark
What are NFTs?
NFTs (non-fungible tokens) refer to unique digital collectibles, like the basketball cards Steph Curry is filing a trademark for. These virtual items can be bought and sold in online markets, and they’re owned by their owners forever, unlike cryptocurrencies that can be lost or stolen.
In other words, the Curryverse isn’t just a place on the Internet where players earn NFTs; it’s also an entire ecosystem of non-fungible tokens that you can buy and sell in an open market.
Non-fungible tokens (NFTs) are a special type of cryptographic token which represents something unique. Non-fungible tokens are thus not mutually interchangeable, unlike fungible tokens (such as Bitcoin or Ethereum). Non-fungible tokens can be used to create verifiable digital scarcity, as well as digital ownership, while also not being publicly interchangeable.
The concept of non-fungible tokens has existed in cryptocurrency circles since at least 2012, a part of Ethereum as of late 2017. A related standard ERC-115 (by 7mike5010) was proposed in February 2018 and implemented by Enjin Coin in June 2018. The concept is sometimes compared to collectible trading cards; each card is unique, or non-fungible, while still belonging in the same class of cards.
