- Meta, previously called as Facebook, recently submitted applications for a trademark that will allow their logo to be utilized for cryptocurrency tokens.
- Meta, since retitling from Facebook, has massively shifted its attention towards Metaverse, and also making an operational ecosystem around it.
- If these applications are granted to Meta, it will provide rights to the organization to utilize their logo for ventures mentioned in this article.
The Trademark Application
Meta (formerly Facebook) has filled applications which will allow their logo to be utilized for cryptocurrency tokens as well as digital exchanges. This step forward points out that, organization’s interest to venture into cryptocurrency and digital products and services, which eventually offers an outcome to help developing an ecosystem around their Metaverse.
Trademark application as declared by well-liked Metaverse and NFT trading attorney, Michael Kondoudi, who represents Meta; it is not restricted to just part mentioned above, it also involves crypto and digital currencies, exchanges, wallets, blockchain software, currency trading, and financial trading too.
Additionally, organization also applied for a total of 8 trademarks, which are mentioned above. However, these trademarks will enable Meta to utilize its logo on products and facilities associated with them.
Even though application is submitted to US Patent and Trademark Office since 18th March 2022, there is still no official announcement from organization’s side about this, and only details available are from Mr. Konduodis’ tweet and via a press release.
Meta’s Drift Into Cryptocurrency
Meta, since shifting its title, has also made a shift in its focus. It is now giving a plethora of attention towards Metaverseand also building an operational ecosystem around it.
Justifying their shift of name, organization elaborated that this march forward is an effort for them to own Metaverse, an environment that is still under development.
Making comments on application, Mr. Kondoudis elaborates these filings as a mirror to organization’s plan to enter the space of Metaverse.
This also points out that Meta has essential strategies for digital universe. As per him, trademark filings would interest all involved in digital sector and even those in monetary industry.
What’s The Significance of Trademark
These 8 trademark applications, if accepted, will empower Meta to utilize its logo exclusively for any of aforementioned ventures. Regardless of admiration of term Meta, and metaverse at large, organization reserves right to be the stand-alone user of logo.
This forward march exhibits that Meta’s strategies to develop an environment around metaverse, and as an outcome, investors can be anticipating declaration of their token as well as digital exchange. Because these requisitions points out that strategies are, in fact, in development.
Meta CEO, Mark Zuckerberg also announced recently that the organization is bringing notion of NFTs on their video and image sharing platform Instagram. He also added that, in future, folks will be able to mint non-fungible tokens too.
In the end, I personally feel that Meta is going to develop most well-liked metaverse in comparison to other organizations developing their metaverse, and will likely spread its dominance as it conquered the Social media sector.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/03/24/meta-put-forwards-8-cryptocurrency-trademark-requisition/