US, S. Korea applied for 75% of world’s metaverse patents – Crypto News – Crypto News
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US, S. Korea applied for 75% of world’s metaverse patents – Crypto News

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Companies based in the US and South Korea have filed for more than 75% of patent applications related to the metaversevirtual reality (VR) and augmented reality (AR) since 2016, according to Nikkei Asia,

See related articles: Meta’s one-year anniversary: ​​virtual reality meets hard reality

Fast facts

  • US-based companies that were among the world’s top 20 metaverse patent applicants were responsible for 57% of the 7,760 applications filed since 2016, according to a joint survey by Nikkei Asia and research firm Cyber ​​Creative Institute.
  • South Korean firms in the top 20 list came second with 19%, Chinese firms came third with 12%, followed by Japanese firms at 8%.
  • The survey assessed roughly 20 patent categories in Japan, the US, Europe and other markets related to the metaverse, VR and AR.
  • South Korean multinational LG Electronics applied for the most metaverse patents since 2016, followed by its local rival, Samsung Electronics.
  • Both Samsung and LG incorporated non-fungible tokens (NFTs) trading functions into their line of smart tvs earlier this year.
  • US-based tech titans, Meta, Microsoft, Intel and Apple, also made the top 20 metaverse patent applicants list, along with China’s Huawei and Japan’s Sony.

See related articles: Shanghai sees its metaverse industry growing to US$52 billion in four years

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