Report: Walmart Trademark Filings Hint at Retailer’s Intent to Produce Metaverse and NFT Concepts

According to a caller report, the American multinational retail corp that operates a concatenation of section stores, Walmart Inc., is seemingly prepping to participate the manufacture of non-fungible token (NFT) exertion and metaverse concepts.

Walmart USPTO Trademark Filings Are Littered With Descriptions of NFTs, Blockchain Tech, Digital Collectibles, Metaverse, and Virtual Department Store Games

• On January 16, CNBC contributor Lauren Thomas published a report that says “Walmart is softly preparing to participate the metaverse.” That’s according to 7 filings stemming from the U.S. Patent and Trademark Office (USPTO).
• The trademark filings sermon cryptocurrency solutions, blockchain technology, and non-fungible token (NFT) assets. One circumstantial filing describes downloadable bundle that tin leverage integer currencies and concepts similar augmented reality.

One of the trademark applications Walmart filed with the USPTO. The retail elephantine filed the applications connected December 30, 2021.

• In a connection sent to Thomas, Walmart told the newsman that the multinational retail corp is “continuously exploring however emerging technologies whitethorn signifier aboriginal buying experiences.” However, Walmart declined to archer Thomas astir the 7 circumstantial trademarks.
• “We are investigating caller ideas each the time,” a Walmart spokesperson said to the reporter. “Some ideas go products oregon services that marque it to customers. And immoderate we test, iterate, and larn from.”
• Another Walmart USPTO filing talks astir a virtual world (VR) crippled that features a virtual mentation of a Walmart store and a large fig of goods the retail concatenation sells. The virtual items oregon NFTs could correspond healthcare items, idiosyncratic attraction products, patio furniture, electronics, appliances, apparel, and sporting goods.
• The filing follows Walmart looking to hire a “digital currency and cryptocurrency merchandise lead” successful mid-August 2021. “As integer currency/ cryptocurrency pb astatine Walmart you volition beryllium liable for processing the integer currency strategy and merchandise roadmap,” the Walmart occupation listing said astatine the time.

• Walmart follows a myriad of retailers and good known brands trying to capitalize connected metaverse concepts, NFT tech, and Web3. Companies that person jumped headfirst into the increasing blockchain manufacture see Samsung, Gap, Adidas, Nike, Hennessy, Coca-Cola, and Pepsi-Cola.
• The companies Crocs, Urban Outfitters, Ralph Lauren, and Abercrombie & Fitch person besides filed USPTO trademarks tied to integer collectibles and blockchain technology.
• The 7 trademarks are not the lone trademarks and patents Walmart has filed that sermon blockchain exertion and cryptocurrencies. In August 2019, it was discovered that Walmart filed a patent that talks astir the instauration of a stablecoin concept.
• “The integer currency whitethorn beryllium pegged to the U.S. dollar and disposable for usage lone astatine selected retailers oregon partners. In different embodiments, the integer currency is disposable for usage anywhere. The integer currency tin supply a fee-free, oregon fee-minimal spot to store wealthiness that tin beryllium spent, for example, astatine retailers and, if needed, easy converted to cash,” Walmart’s 2019 filing explains.

What bash you deliberation astir Walmart’s 7 trademarks that sermon blockchain tech, NFTs, and crypto assets? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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