MIAMI, May 09, 2022 (GLOBE NEWSWIRE) — Cyber Yachts, the world’s first metaverse yacht company, a division of Monsoon Blockchain Corporation, has been granted patent pending status by the States Patent and Trademark Office States (USPTO). The patents are for breakthrough technology developed for Cyber Yachts NFT and metaverse projects.
The company is on track for the summer launch of its slate of metaverse and real-life (IRL) events. The first set of events includes NFT drops coupled with virtual performances from award-winning and up-and-coming music artists and celebrities.
Cyber Yachts has developed a revolutionary 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 credentialed users access via NFTs and will also provide a mechanism for users to access data objects within the virtual environment.
The new 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 uses the most effective and efficient intellectual property instruments, including patents, trademarks and trade secrets to achieve these goals.
Some NFT Cyber Yachts can also be configured to include an option to build in the real world (the physical, not virtual world). Imagine purchasing an NFT luxury mega yacht which gives the buyer the option of also receiving the physical mega yacht completely built by a world famous shipyard based on the same design. These developments will provide a unique bridge between the metaverse and real life. It also allows Cyber Yachts NFT holders to access concerts, parties, events, lounges, and other immersive experiences in the metaverse.
The metaverse has grown in popularity and value over the past year, with a significant increase in the number of companies and celebrities purchasing plots of virtual “land” in The Sandbox and Decentraland, allowing them to digitally market, raise awareness and expand 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 artist Quavo of platinum-selling band Migos. Quavo recently joined Justin Bieber’s Justice Tour and is now a featured character in the popular game NBA 2k22. Cyber Yachts will consist of NFT collections featuring extraordinary mega yachts. Purchasing Cyber Yachts NFT will come with experiential bonuses, such as access to celebrity yacht parties, exclusive merchandise, and more.
For more information on Cyber Yachts, please visit cyberyachts.com
Announced last month, Cyber Yachts will launch the world’s most expensive NFT – a 120-meter (394-foot) mega yacht named “Indah”, priced at US$400,000,000. In addition to the NFT, the buyer will also receive the fully built, real-world 394ft mega yacht based on the same design, built by one of the world’s most respected luxury yacht builders. The Indah NFT along with its actual mega yacht can be purchased with Ethereum (ETH), Bitcoin (BTC), and Bitcoin Latinum (LTNM). The company has engaged several of the world’s top luxury mega yacht designers for the upcoming extraordinary yacht collections.
Market research firms have forecast that the global yacht market will reach $12.16 billion by 2028, up from $8.15 billion in 2020. During the pandemic, the number of billionaires worldwide has risen from 2,095 to 2,755, and their cumulative wealth increased by 60%, or $5 trillion.
Cyber Yachts is positioning itself well in a lucrative NFT market. Another major bank recently increased its market capitalization forecast for the NFT market to $80 billion by 2050, with double-digit growth for the next five years. A major NFT company recently raised $450 million from major venture capital firms, valuing the company at $4 billion. This marked one of the biggest rounds for any NFT collection to date.
Brand: Cyber Yachts
Address: 2100 Geng Road, Palo Alto, CA 94303, USA
Telephone: +1 800-528-0985
THE SOURCE: Monsoon Blockchain Corporation
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Cyber Yachts Files NFT And Metaverse Patents
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