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Meta to Enter Crypto With Trading and Metaverse Trademark Applications

By:
Aaryamann Shrivastava

This will be the company's second foray into the world of crypto after its recent announcement of NFTs coming to Instagram.

Meta to Enter Crypto With Trading and Metaverse Trademark Applications

In this article:

Key Insights:

  • Trademark Attorney revealed Meta’s crypto and metaverse trademark application.
  • With NFTs soon coming to Instagram, Meta is opening its doors to the crypto-verse.
  • Meta is another company in the line of major mainstream companies to join the crypto-verse this year.

Although it hasn’t been officially announced yet, this development will undoubtedly place Meta among the front runners in the world of crypto.

But with the rapid adoption of Metaverse and other crypto products, Meta might want to pick up the pace so that it isn’t left behind.

Meta Comes to the Metaverse

In a reveal from the trademark attorney Mike Kondoudis, it has come to light that the parent company of social media giants Facebook and Instagram, Meta, will soon be adopting the emergence of the virtual world.

In the applications filed for trademarks, Meta aims for specific uses of the space. Along with crypto tokens, trademark applications for blockchain software, virtual currency exchanges, financial and currency trading, and digital, crypto, and virtual currencies have also been filed.

The company has also applied for a virtual currency wallet trademark.

The applications make it apparent that Meta will be knee-deep with the Metaverse and crypto products, as these applications cover all the bases related to the same.

The date of these applications has been revealed to be March 18, which was a day after Zuckerberg announced the arrival of NFTs on Instagram.

Meta and Others in the Metaverse

Earlier in January, FXEmpire had reported on the possibility of NFTs coming to Facebook and Instagram.

Since then, although Meta took a backseat, other major mainstream organizations have stepped up to be a part of the virtual world.

Yesterday, it was revealed by Kondoudis himself that football club Paris Saint-Germain (PSG) filed trademark applications for NFTs and Metaverse products and services.

Not too long before that, Victoria’s Secret and Skechers too announced their plans for NFTs and other services related to the virtual space.

The rate at which crypto adoption is expanding makes it look like the Metaverse is the next big marketing strategy after the Internet.

About the Author

Holding a Mass Media Degree has enabled me to better understand the nitty-gritty of being a journalist and writing about cryptocurrencies’ news and price movements, effects of market developments, and the butterfly effect of individual assets nurtured me into a better investor as well.

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