Key Takeaways
Meta has actually submitted for eight crypto-related trademarks, a D.C. hallmark attorney has actually divulged on Twitter.
The hallmark applications apparently problem such issues as “crypto tokens,” “blockchain software,” as well as “virtual currency exchanges,” to name a few.
Since October, Meta has actually been significantly concentrated on crypto rather than its social media sites applications.
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Meta, previously Facebook, has actually submitted applications for eight cryptocurrency as well as Metaverse-relevant trademarks. The trademarks put on a range of blockchain as well as cryptocurrency topics, consisting of “virtual currency exchanges” to “crypto tokens.”
Meta’s Metaverse Moves
Following Facebook’s significant pivot as well as rebrand to all-things Metaverse last October, the business has actually submitted for trademarks meaning strategies for crypto as well as blockchain applications.
A hallmark attorney based in Washington, D.C., Michael Kondoudis, introduced in a tweet today that Meta had actually submitted eight hallmark applications pertaining to its Logo. He composed that the applications consisted of insurance coverage on “crypto tokens,” “blockchain software,” “virtual currency exchanges,” “financial + currency trading,” as well as “digital, crypto, and virtual currencies.”
In a news release, Kondoudis composed, “These filings reflect the company’s strategy for moving into the Metaverse. Meta clearly has significant plans for the virtual economy that will drive it.”
At the celebration South by Southwest this month, Meta’s ceo Mark Zuckerberg previewed the business’s NFT strategies. This wanted a string of steps the business made pertaining to the electronic properties area, starting when business started a bigger Metaverse trend in the sector last Fall by revealing it would certainly alter its business name to Meta. It invested around $10 billion in 2014 on relevant strategies. In December, Meta made repayments on WhatsApp through the Paxos Dollar stablecoin readily available in a pilot to some customers in the United States. On Jan. 31, it signed up with the Crypto Open Patent Alliance, which functioned as a promise not to implement its cryptocurrency-related licenses, in an action that came just days after it offered its Diem stablecoin copyright for $200 million.
In February, the business shed virtually $250 billion in market capitalization in eventually in the best single-day loss in U.S. equities background.
Disclosure: At the moment of creating, the writer of this item had BTC, ETH, as well as a number of various other cryptocurrencies.
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