Meta Inc., formerly Facebook, has filed eight trademark applications covering a variety of crypto and metaverse services. Cryptocurrencies, crypto trading, blockchain software, crypto wallets, and crypto exchanges are all examples of these.
Facebook owner Meta has filed eight new trademark applications with the United States Patent and Trademark Office (USPTO) for its logo covering a range of crypto-related products and services.
A USPTO-licensed trademark attorney, Mike Kondoudis, tweeted Wednesday explaining that the applications (serial numbers: 97320155, 97320153, 97320149, 97320147, 97320146, 97320144, 97320140, and 97320136) were filed on March 18. They cover a wide range of crypto-related products and services including crypto tokens, cryptocurrencies, blockchain software, crypto exchanges, and crypto trading.
Kondoudis described Meta’s applications as a blueprint for how the company intends to engage in the metaverse, Bloomberg reported.
“The goods and services of those applications extended far beyond just the run-of-the-mill NFT [non-fungible tokens] and metaverse products that a lot of applications include,” the attorney was quoted as saying. He elaborated:
Only a company that has this size of scale and has a hand in the evolution and development of the metaverse can possibly plan on doing everything in these applications.
A growing number of large corporations have made a similar move, including Mcdonald’s, Burger King, Panera Bread, and Panda Express.
Burger King filed its trademark application on the same day Meta did. According to Kondoudis, the burger chain’s application covers NFTs, blockchain software, cryptocurrency trading, and virtual restaurants.
Global investment bank Goldman Sachs believes that the metaverse is an $8 trillion opportunity. Recently, megabanks JPMorgan and HSBC established a presence in the metaverse.