Visa, the payments behemoth, has filed trademark applications for a crypto wallet, NFTs, and the Metaverse, all of which indicate that it intends to continue expanding its presence in the Web3 sphere.
Trademark attorney Mike Kondoudis, who reviews trademark applications from the Metaverse and NFT, came forward with the information about the registrations.
To manage, watch, access, store, transmit, monitor, trade, receive, send, receive, and exchange” cryptocurrencies, NFTs, and more, Visa has trademarked two supposedly non-downloadable trademark applications.
Visa also intends to release a series of collectible NFTs and online, non-downloadable software for managing bitcoin wallets, as detailed in the filing. Visa is getting ready to make its metaverse debut by providing virtual settings where users may connect for “recreational, leisure, or entertainment reasons” and conduct audits of cryptocurrencies and other digital assets.
VISA has filed 2 trademark applications claiming plans for:
▶️ Managing Digital, Virtual, and Cryptocurrency transactions
▶️ Digital currency + Cryptocurrency wallets
▶️ NFTs + Virtual goods
▶️ Providing virtual environments
…and more#NFT #Metaverse #Web3 #Cryptocurrency pic.twitter.com/SnTkt8jx4o
— Mike Kondoudis (@KondoudisLaw) October 27, 2022
Visa and their interest for Web3 and NFT
Visa’s business strategy has been showing big and increasing interest on the Web3. The most recent one is Visa’s partnership with the FTX crypto exchange to launch debit card services in 40 countries, mainly in Europe, Latin America, and Asia.
In April, Mastercard’s competitor, Visa, also applied for 15 trademarks, including five for its “Circles” emblem, five for its famous “Priceless” motto, and five for its brand name for many financial goods and services, NFT, and Metaverse.