There are indications that Walmart is moving towards venturing into the metaverse space to create a virtual shopping experience for its customers.
According to a report by CNBC, the American multinational retail corporation filed seven separate new trademarks on the 30th of December, 2021 with the U.S. Patent and Trademark Office that reveal the company’s intention to create and sell virtual goods and create a cryptocurrency and non-fungible tokens, or NFTs.
The filling showed that Walmart is interested in creating a variety of digital products on its online retail store, including electronics, indoor and outdoor furniture, entertainment recording, video games, and others.
CNBC reported that Walmart stated in a statement that it is “continuously exploring how emerging technologies may shape future shopping experiences.”
In the last 24 hours, bitcoin has been down by 1.28%, with a current price of $42,669.69 as of the time of writing this. Within 24 hours, bitcoin dropped to $42,383.87 low and $43,475.52 high. The trading volume of bitcoin in the last 24 hours is $577.27M. The current market capitalization of bitcoin is $807.45B. Currently, $18.93M bitcoins are in circulation.
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Walmart had earlier published an opening for a “Cryptocurrency and Digital Currency Product Lead” role in August last year. This might be one of its moves to position itself in the emerging cryptocurrency and NFT space.
Ever since social media giant Facebook announced its name change to meta, many companies have been seeking means to own a stake in the metaverse and cryptoverse.
Leading retailers such as Nike and Adidas have also hopped on the bandwagon of the metaverse.