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Wildcat Petroleum Shares Rise Again As NFT Trademarks Registered

Sam Boughedda trader
Updated 15 Mar 2021

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Shares of Wildcat Petroleum (LON: WCAT) are soaring once again following its announcement that it has registered several new trademarks. 

Wildcat Petroleum shares are up over 21.6% on Monday at 2.36p. 

Wildcat registered the trademarks as non-fungible tokens (NFTs) on the advice of its newly appointed blockchain advisor, Professor Olinga Taeed. 

NFTs are a blockchain-related product and, essentially, a one of a kind asset in the digital world. The digital tokens are certificates of ownership. Recently, a digital art collage by Beeple, the first purely digital NFT based artwork, sold for $69.3 million at auction.

Wildcat Petroleum has registered the following trademarks: 

  • WILDCAT BITCOIN
  • WILDCAT TOKEN
  • WCAT BITCOIN
  • WCAT TOKEN
  • CRYPTO CAT
  • CRYPTOCAT
  • OIL BARREL BITCOIN
  • OIL BARREL TOKEN

They have been filed under the classifications CLASS9 (Downloadable cryptographic keys for receiving and spending cryptocurrencies), CLASS 36 (Financial transactions via blockchain), and CLASS (Data storage via blockchain; Data authentication via blockchain; Certification of data via Blockchain; Blockchain as a Service (BaaS)).

Elsewhere, Wildcat said it is making steady progress towards acquiring an oil asset. 

Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.