Meta Files Trademark Applications for a Wide Range of Crypto Services

Meta Files Trademark Applications for a Wide Range of Crypto Services

 

Meta Inc., formerly Facebook, has filed eight trademark applications relating to a wide range of crypto services and the metaverse. They include cryptocurrencies, crypto trading, blockchain software, crypto wallets, and crypto exchanges.

Meta’s Trademark Filings Cover a Range of Crypto Services and the Metaverse. Facebook owner Meta has filed eight new trademark applications with the United States Patent and Trademark Office (USPTO) for its logo, covering a range of crypto-related products and services.

A USPTO-licensed trademark attorney, Mike Kondoudis, tweeted Wednesday explaining that the applications (serial numbers: 97320155, 97320153, 97320149, 97320146, 97320144, 97320140, and 97320136) were filed on March 18. They cover a wide range of crypto-related products and services, including crypto tokens, cryptocurrencies, blockchain software, crypto exchanges, and crypto trading.

Fast facts

• One of these applications includes a trademark for cryptocurrency services, including exchange services and a digital currency wallet.

• Another trademark is specified for online networking and dating services, with a mention of services for people interested in cryptocurrency investing.

• A non-cryptocurrency trademark application referenced virtual reality and augmented reality advertising.

These filings reflect the company’s strategy for moving into the metaverse. "Meta clearly has significant plans for the virtual economy that will drive it," said Mike Kondoudis, Washington, D.C.-based trademark lawyer, in a statement. The trademark applications were filed on March 18 and the USPTO said it could take eight months to process them.

Bloomberg reported that Kondoudis described Meta’s applications as a blueprint for how the company intends to engage in the metaverse.

The attorney was quoted as saying, "The goods and services of those applications extend far beyond just the run-of-the-mill NFT [non-fungible tokens] and metaverse products that a lot of applications include," the attorney was quoted as saying. He elaborated.

Only a company that has this size of scale and has had a hand in the evolution and development of the metaverse can possibly plan on doing everything in these applications. A growing number of large corporations have made a similar move, including McDonald’s, Burger King, Panera Bread, and Panda Express.

Burger King filed its trademark application on the same day Meta did. According to Kondoudis, the burger chain’s application covers NFTs, blockchain software, cryptocurrency trading, and virtual restaurants.

Global investment bank Goldman Sachs believes that the metaverse is an $8 trillion opportunity. Recently, megabanks JP Morgan and HSBC have established a presence in the metaverse.