CNBC: Walmart enters the metaverse market

The company's immediate plans may include the release of NFT, virtual commodities, and its own cryptocurrency

17.01.2022 - 09:30

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What's new? The world's largest retail chain Walmart is preparing to enter the metaverse market and launch a digital currency. The news, citing its own sources, appeared on CNBC's website and has already caused a wide response in the network.

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What is known about Walmart's plans? According to CNBC, the seven new trademark applications have been filed with the United States Patent and Trademark Office (USPTO) on behalf of Walmart at the end of the year. According to the public data, the applications‘ approval will allow the network to produce virtual goods that can be used in metaverses. In addition, the reporters highlighted that a separate Walmart application includes information about the launch of NFT and its own cryptocurrency.

The exact launch dates of the new options, services, or the sale of virtual goods are not yet known. Walmart’s representatives only indicated that the company is constantly exploring new technologies, and some of them eventually reach the customers.

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