There is a chance Walmart is looking into selling virtual goods, making its own cryptocurrency, and giving out NFTs.
HIGHLIGHTS
- A lot of big things are going on behind the scenes thanks to Walmart’s trademark paper.
- Walmart filed seven trademarks in late December 2021, and they did so for seven different things.
- Making a list of hints Walmart may be planning to start making its own cryptocurrency.
Walmart, the largest company in the world by revenue, looks like it’s getting ready for a move into the world of crypto and non-fungible tokens (NFTs). In December 2021, the retail giant filed trademark documents with the US Patent and Trademark Office (USPTO).
The documents show that the company is planning to make its cryptocurrency to compete with the likes of Bitcoin and Ether, as well. Read also; Trends in Africa Crypto Sector to Expect in 2022 This isn’t the first time we’ve heard from Walmart about the crypto market. If things work out the way they seem, we could see a lot more people use crypto in the retail sector.
In late December 2021, Walmart filed seven trademarks that appear to show the retailer’s plans to both make and sell virtual goods. A separate filing said that the company would be giving users virtual currency and NFTs.
Documentation says that Walmart may start providing “financial services,” including “a digital currency and a digital token of value for use by members of an online community through a global computer network,” as well as “other financial services.”
Walmart hasn’t given us any information about what it plans to do. Instead, it told CNBC that it is “always looking at how new technologies could affect our business.” There was more: The company said that it tests “new ideas all the time,” and that some of them might become real products and services. Read more: The 10 Tribes of Crypto
While that’s going on, there’s also an application that lists “physical fitness training services” and “health and nutrition classes.” There has been an article about this by The Verge, and it says that these applications could be done in augmented and virtual reality (AR and VR) environments.
For both AR and VR, the company also made a new application. There was also a separate report by Bloomberg that said that the company had also filed trademarks for certain names, like “Verse to Curb.” These names suggest that the company might be planning a virtual shopping experience for its customers.
Walmart also applied for a trademark, which shows that they might make software in the future, too, e-commerce marketplaces, fund transfers, blockchain, crypto, and other things can be done with these software suites. They can also be used in mobile and game devices.
A virtual world where a Walmart store is planned in the near future will raise the value of its token and make it a big deal for everyone in the space. This means Walmart might even start taking Bitcoin in all of its stores in the United States.
