WiMi Hologram Cloud Inc. (WIMI) stock prices surged by 15.60% shortly after market trading commenced on October 29th, 2021. This brought the price per share up to USD$5.04 early on in the trading day.
Submission of Trademark Application
October 29th, 2021 saw WIMI stock announce the submission of an application for the WIMI METAVERSE trademark to the Trademark Office. This development will serve to help the company further enhance its intellectual property protection system while maintaining the leading position in technology. The submission will also enhance the company’s core competitiveness. Metaverse leverages the technical support of AR and VR to create a virtual world parallel to the real world. The company aims to generate innovative opportunities in the platform ecology, hardware demand, infrastructure, content form, and other aspects.
WIMI Stock’s Upcoming Growth
Over the course of the upcoming three to five years, the Metaverse is expected to enter a period of accelerated development. This period will see VR/AR, NFT, AI, Cloud computing, PUGC game platform, digital people, digital twin, and other fields continue to emerge as rapid development opportunities.
Currently, the company’s trademark WIMI METAVERSE is under the application. The international classification mainly involves advertising sales, communication services, scientific instruments, office supplies, education and entertainment, fitness equipment, social law, design, and research, etc. WIMI stock will use the WIMI METAVERSE trademark in a bit to generate commercial value in Metaverse commercial applications.
Scope of WIMI Stock’s Trademark
The trademark will be broadly utilized in fields of virtual social networking, virtual entertainment, virtual education, virtual communications, etc. Following the expansive and increasing popularity of the Metaverse, the holographic augmented reality segment that WIMI stock is focused on is set to exhibit explosive growth. The company is set to capitalize on these opportunities for market growth as it constantly improves its product matrix. These developments will serve to consolidate and expand its market footprint, thereby generating long-term value of the company’s shareholders.
Future Outlook for WIMI Stock
WIMI stock is poised to capitalize on the opportunities afforded to it from its pending WIMI METAVERSE trademark. The company is keen to maintain its trajectory of success in a bid to usher in unprecedented growth. Current and potential investors are hopeful that management will be able to effectively leverage the resources at their disposal. This is hoped to facilitate significant and sustained increases in shareholder value over the long term.