, 2022-05-09 02:00:00,
MIAMI, May 09, 2022 (GLOBE NEWSWIRE) — Cyber Yachts, the world’s first metaverse yacht company, a division of Monsoon Blockchain Corporation, has been awarded patent-pending status by the United States Patent and Trademark Office (USPTO). The patents relate to revolutionary technology developed for Cyber Yachts’ NFT and metaverse projects.
The company is on track for a summer launch of its slate of metaverse and in-real-life (IRL) events. The first series of events include NFT drops coupled with virtual performances from award-winning and emerging musical artists and celebrities.
Cyber Yachts has developed groundbreaking intellectual property that allows non-fungible tokens (NFTs) associated with a blockchain to interact with data objects in a metaverse. The Cyber Yachts metaverse environment will grant credentialled users access via NFTs, and also provide a mechanism for users to access data objects in the virtual environment.
The newly issued patent-pending designation allows the company to protect its proprietary technology, inventions, and improvements that are commercially important to the development of its business. In addition, the company utilizes the most effective and efficient intellectual property instruments, including patents, trademarks, and trade secrets to achieve these goals.
Certain Cyber Yachts NFTs may also be configured to include an option to be built in the real world (the physical, non-virtual world). Imagine the purchase of a luxury mega yacht NFT that gives the buyer the option to also receive the fully-built, physical mega yacht by a world- renowned shipyard based on the same design. These developments will provide a unique bridge between the metaverse and real-life. This also allows Cyber Yachts NFT holders to access concerts, parties, events, lounges, and other immersive experiences in the metaverse.
The metaverse has been gaining significant popularity and value in the past year, with a major increase of companies and celebrities buying plots of virtual “land” in The Sandbox and Decentraland, allowing them to digitally market, raise awareness and extend their brands. Several major global investment banks have predicted that the metaverse could be an $8 trillion market opportunity.
Cyber Yachts was founded in partnership with three time Grammy-nominated recording artist Quavo of the platinum selling group Migos. Quavo recently joined Justin Bieber’s star-studded Justice Tour, and is now a featured character in…
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