- Goldman Sachs estimates that the metaverse might be worth $8 trillion.
- JPMorgan and HSBC have recently entered the metaverse.
This week, Meta, formerly Facebook, registered eight new trademarks for its emblem with the US Patent and Trademark Office (USPTO). According to Mike Kondoudis, a USPTO-licensed trademark attorney, the applications were submitted on March 18 (serial numbers: 97320136, 97320135, 97320136, 97320138, and 97320139). In addition to digital currency, they also deal with blockchain technology, cryptocurrency exchanges, and trading in digital currency.
The United States Patent and Trademark Office (USPTO) might take up to eight months to review trademark applications that have been filed. There have also been recent trademark applications filed by Monster Energy and the New York Stock Exchange for digital assets and the metaverse.
In an interview with Bloomberg, Meta’s Kondoudis defined Meta’s applications as a roadmap for the company’s involvement in the metaverse.
The attorney said:
“The goods and services of those applications extended far beyond just the run-of-the-mill NFT [non-fungible tokens] and metaverse products that a lot of applications include.”
Rise of Metaverse
Several prominent firms, including McDonald’s, Burger King, Panera Bread, and Panda Express, have adopted the same strategy. It was the same day that Meta submitted a trademark application that Burger King did. NFTs, blockchain, cryptocurrency trading, and virtual eateries are all included in the burger chain’s application, according to Kondoudis.
Goldman Sachs estimates that the metaverse might be worth $8 trillion. JPMorgan and HSBC, two of the world’s largest financial institutions, have recently entered the metaverse. Zuckerberg said last week that Instagram would soon integrate NFTs into all of its products. However, not all of the company’s crypto endeavors have been a success.
