Filings revealed Walmart planning to enter in crypto & Metaverse
Recent reports noted that Walmart is now ready to enter the Metaverse and Crypto trend.
Recent years showed that crypto and Blockchain related services are in huge demand. On one side payment services are adopting it to bring advancement and another side investment demands in new crypto-related activities are on the surge.
On 16 January, CNBC published a report on the filing of Walmart. The whole details are coming out from the December 2021 filing of Walmart with US authorities. This filing is about the involvement plan of the company in crypto and Metaverse-based projects.
Under the filing, Walmart confirmed that it will try to serve its virtual reality-based items sales besides the sale of electronics, home decorations, personal care products, and everything in-between from home. So all existing services may be available in the virtual world also.
The filing also revealed that Walmart is looking to get a green signal from US agencies for its filed patent & trademark. With this, they are planning to launch their cryptocurrency to enter the NFTs based trend.
This licensing attempt of Walmart for its future projects was noted by an attorney of Trademark official Josh Gerben and he described this move of Walmart as a “super intense” attempt.
Josh said:
“There’s a lot of language in these, which shows that there’s a lot of planning going on behind the scenes about how they’re going to address cryptocurrency, how they’re going to address the metaverse and the virtual world that appears to be coming or that’s already here.”
Josh also noted that the initiative of Facebook to rebrand its name into Meta is acting as a catalyst for the other companies to enter in this trend.
Earlier, in 2021 Walmart was in trending news because of fake news about the adoption of Litecoin as a payment option. Walmart officially announced that the whole news was fake and also stated that company will take suitable action against the people who spread the fake news to take advantage.
Read also: Fidelity strategists say more countries will buy Bitcoin
