The world’s largest retailer Walmart is planning to launch its own cryptocurrency, as well as join the Metaverse.
Towards the end of last year, the retail giant filed several trademarks that reveal its intent to sell virtual goods, among them NFTs.
The patent applications, filed on December 30th with the U.S. Patent and Trademark Office, show that Walmart also intends to create its own cryptocurrency.
A total of 7 filings were made, but Walmart declined to comment on specifics. In a statement to CNBC, the big box chain said, “(They are) continuously exploring how emerging technologies may shape future shopping experiences.”
“We are testing new ideas all the time. Some ideas become products or services that make it to customers. And some we test, iterate, and learn from.”Walmart
NFTs and the Metaverse gained prominence in 2021, and ever since Facebook announced that’s their future, companies have been scrambling to curve out space for themselves in this bold new world.
Walmart is following in the footsteps of companies like Nike, Gap, Ralph Lauren and others, who have either filed similar trademarks, or even started offering NFTs of their own products.