Walmart Files 7 US Patents Examining Potential Monetization of NFTs, Metaverse - Aliens: AI Crypto News & Markets Updates
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Walmart Files 7 US Patents Examining Potential Monetization of NFTs, Metaverse

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Blockworks

Mon, Jan 17, 2022

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Walmart is exploring the possibility of introducing a “virtual currency for use by members of an online community...in the field of NFTs” The retail giant is also looking at providing a means for customers to interact with the metaverse and providing financial services involving crypto Retail giant Walmart has filed several patents with the US Patent and Trademark Office (USPTO) seeking to register a number of services and offerings related to the metaverse, non-fungible tokens (NFTs) and cryptocurrency.

According to the applications , filed Dec. 30, Walmart is exploring the possibility of introducing its customers to a “virtual currency for use by members of an online community...in the field of NFTs” as well as “financial transaction services involving cryptocurrency, NFTs and blockchain technology.” NFTs are digital assets that provide proof of ownership over virtual and real-world assets which can also interact with the blockchain in unique ways.

Other detailed patent applications further list Walmart’s ambitions to explore monetizing the metaverse by offering customers “downloadable augmented reality software, downloadable mixed reality software, virtual reality software for interactive entertainment and virtual reality gaming.” The metaverse refers to virtual worlds whereby several technologies are combined to create an online 3D- gaming, social and interactive experience.

And some we test, iterate, and learn from.” It’s not the first time Walmart has filed applications with the USPTO relating to crypto.

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