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In a recent press release and a corresponding tweet, metaverse trademark attorney Michael Kondoudis revealed that Mark Zuckerberg’s Meta Platforms, Inc., which was formerly known as Facebook, has taken further steps into the virtual and crypto trading space.
Meta Files Eight Trademark Applications
According to Kondoudis, a Washington DC-based trademark lawyer who tracks Metaverse and NFT trademark filings at the United States Patent and Trademark Office, Meta has filed eight new trademark applications to register its logo.
The eight trademark applications the company submitted to the U.S. Patent and Trademark Office on March 18, 2022, covered areas such as crypto tokens, blockchain software, virtual currency exchanges, financial trading, currency trading, digital currencies, cryptocurrencies, and also virtual currencies.
Commenting on the new trademark applications, Mr. Kondoudis said, “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. Meta’s latest trademark filings will surely be of interest to participants in the financial sector and beyond.”
This is not the first time Meta will be filing for trademark registration for crypto-related products. A few months after the company changed its name to expand into the metaverse, Meta filed a trademark application with the Brazilian National Institute of Industry Property (NPI) to launch crypto-related products and services like crypto trading, crypto wallet, and crypto exchange operations.
Big Corporations Joining the Metaverse
Meanwhile, other companies like Gucci, Warner Music Group, Ubisoft, The Walking Dead, Snoop Dogg, and Adidas have also taken an interest in the metaverse in collaboration with The Sandbox.
Even more recently, the British multinational investment bank and financial services holding firm HSBC Holdings PLC with customers globally across 64 countries and estimated equity of $206.777 billion and assets of $2.958 trillion as of December 2021 became the first major bank to join the metaverse field after partnering with The Sandbox.
By partnering with The Sandbox, HSBC will be able to buy a plot of land in the virtual world, which will be developed to engage sports, esports, and game players.