New trademark documents indicate retail giant Walmart is interested in joining the world of non-fungible tokens (NFTs) and crypto.
According to the U.S. Patent and Trademark Office (USPTO), the retail corporation has submitted a United States trademark application for an NFT marketplace that provides a platform for “buyers and sellers of downloadable digital goods authenticated by non-fungible tokens.”
In a separate application, Walmart filed for a virtual currency trademark relating to “financial transaction services involving cryptocurrency non-fungible tokens and blockchain technology.”
A third application involves software associated with cryptocurrencies that “allows users to perform electronic business transactions via a global computer and communication networks.”
Walmart filed all three applications on December 30th, and they are all currently live and awaiting examination from the USPTO.
The applications are not Walmart’s first foray into the world of crypto.
In August, the megastore announced that it was looking for a cryptocurrency product lead to spearhead the company’s digital currency strategy.
And in October, the company rolled out 200 Bitcoin-dispensing kiosks in collaboration with the digital currency exchange platform CoinMe and coin-cashing machine company Coinstar.
Walmart was also subject to a hoax in September when prominent media networks spread false information indicating the company was partnering up with popular peer-to-peer payments network Litecoin (LTC).
Walmart follows in the footsteps of Facebook and sportswear giants Nike and Adidas, all of which appear poised to take on the metaverse.
Facebook rebranded to “Meta” in October, with the company’s CEO Mark Zuckerberg announcing new plans to build the metaverse.
Nike filed a trademark application that same month for products involving “downloadable virtual goods… for use online and in online virtual worlds.”
And the Adidas Originals Twitter account announced in early December that it was partnering with premier NFT brands and influencers to explore the metaverse.
Check Price ActionDon't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Wutana Thongkuanluek/Andy Chipus/Vladimir Sazonov
The post Retail Giant Walmart Files Trademarks for Its Own NFT Marketplace and Cryptocurrency appeared first on The Daily Hodl.
source https://dailyhodl.com/2022/01/18/retail-giant-walmart-files-trademarks-for-its-own-nft-marketplace-and-cryptocurrency/