In order to grow into a new market, Meta is seeking a final green light for an application registration arrangement with Brazil and the Brazilian authorities.
Is Meta’s new hardware development, which aims to revolutionize the game, going to help Brazil join the list of crypto destinations? The firm released its application for registration in late January; it is presently awaiting resistance before INPI clearance in Brazil.
Meta & Brazil’s New Partnership
Several crypto-related products and services were the subjects of a trademark registration application submitted by Meta to Brazil’s National Institute of Industrial Property (INPI). You can trade virtual currencies and digital assets on the Metacoin platform. “Blockchain” is a distributed ledger technology that we all know and love. Bitcoin and Ethereum are two of the most prominent underlying technologies for metacoins. Meta, the world’s largest social media network, has sought trademark registration for several Bitcoin- and crypto-related services with the assistance of the Brazilian Trademark Office.
A battle between INPI Brazil and Metas
For the French government, the National Institute of Intellectual Property (IPNI) is a public administrative agency that receives applications and grants industrial property rights such as patents. Meta has been waiting for a long time, and the move might open up the doors and enhance the awareness of crypto in Brazil if it is approved by the authorities.
As of recent weeks, Meta has published its registration application and is now awaiting opposition prior to INPI approval. Meta’s initial trademark filing order was placed on October 5 of last year, according to the filing.
Meta: An old trick in a new name
When it comes to crypto and blockchain technology and its Facebook product, Meta has lately undergone a major rebranding effort to better align itself with the metaverse. Meta, despite numerous regulatory setbacks, has not given up on entering the crypto market. Meta is one of the most popular social media sites, despite its reputation as the “social media for baby boomers” compared to other social media platforms.