Social media giant Meta is registering eight new trademark applications related to crypto and decentralized finance (DeFi) technology.
According to recent filings made to the United States Patent and Trademark Office (USPTO), the company formerly known as Facebook has requested to trademark several blockchain services and other related crypto technologies in a push toward launching their proprietary metaverse project.
Meta applied to trademark an online social networking and dating platform, including a subdivision specifically customized for users who invest in crypto assets. They also applied for the development of technology related to Web 3.0 applications, such as e-commerce, DeFi, and gaming.
Furthermore, the company filed trademarks for electronic publishing services, some of them associated with virtual reality, financial transaction services needed to trade and pay with cryptocurrencies, virtual reality-based metaverse advertising, and communication services for the digital assets on their network.
According to a statement by DC-based metaverse and non-fungible token (NFT) trademark attorney Michael Kondoudis, Meta’s moves signal that the tech giant is ready to make a splash in the financial sector.
“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. Meta’s latest trademark filings will surely be of interest to participants in the financial sector and beyond.”
Meta’s filings come on the heels of billionaire CEO Mark Zuckerberg announcing that the company’s popular photo-based social media platform Instagram will soon begin supporting NFTs.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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