Meta Files for Eight New Crypto Trademarks



Key Takeaways

Meta has filed for eight crypto-related trademarks, a D.C. trademark lawyer has disclosed on Twitter.
The trademark applications reportedly concern such matters as “crypto tokens,” “blockchain software,” and “virtual currency exchanges,” among others.
Since October, Meta has been increasingly focused on crypto as opposed to its social media applications.

Share this article

Meta, formerly Facebook, has filed applications for eight cryptocurrency and Metaverse-related trademarks. The trademarks apply to a variety of blockchain and cryptocurrency subjects, including “virtual currency exchanges” to “crypto tokens.” 

Meta’s Metaverse Moves

Following Facebook’s major pivot and rebrand to all-things Metaverse last October, the company has filed for trademarks hinting at plans for crypto and blockchain applications. 

A trademark lawyer based in Washington, D.C., Michael Kondoudis, announced in a tweet today that Meta had filed eight trademark applications related to its Logo. He wrote that the applications included coverage on “crypto tokens,” “blockchain software,” “virtual currency exchanges,” “financial + currency trading,” and “digital, crypto, and virtual currencies.” 

In a press release, Kondoudis wrote, “These filings reflect the company’s strategy for moving into the Metaverse. Meta clearly has significant plans for the virtual economy that will drive it.” 

At the festival South by Southwest this month, Meta’s chief executive officer Mark Zuckerberg previewed the company’s NFT plans. This was after a string of moves the company made related to the digital assets space, beginning when company kicked off a wider Metaverse craze in the industry last Fall by announcing it would change its company name to Meta. It spent around $10 billion last year on related plans. In December, Meta made payments on WhatsApp via the Paxos Dollar stablecoin available in a pilot to some users in the United States. On Jan. 31, it joined the Crypto Open Patent Alliance, which served as a pledge not to enforce its cryptocurrency-related patents, in a move that came only days after it sold its Diem stablecoin intellectual property for $200 million. 

In February, the company lost nearly $250 billion in market capitalization in one day in the greatest single-day loss in U.S. equities history. 

Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and several other cryptocurrencies.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

NFT Express: Your on-ramp to the world of NFTs

At Tatum, we’ve already made it super easy to create your own NFTs on multiple blockchains without having to learn Solidity or create your own smart contracts. Anyone can deploy…

Meta Pilots Instant Crypto Payments on WhatsApp

Starting today, a limited number of WhatApp users in the U.S. will be able to send and receive crypto within the messaging application using Meta’s Novi crypto wallet. Meta Pilots…

Facebook Changes Company Name to Meta, Plans NFT Support

Mark Zuckerberg has announced that Facebook will change its company name to Meta, though the company’s signature social media platform will retain the name Facebook. The company’s shares are set…

Meta Joins Crypto Open Patent Alliance

Meta has become a member of the Crypto Open Patent Alliance. This group consists of several prominent companies in the cryptocurrency space that have pledged not to enforce certain crypto…


Source link

You might also like
Leave A Reply

Your email address will not be published.