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Home Crypto News Market Walmart Preparing To Create Its Own Crypto And NFTs For Its Metaverse

Walmart Preparing To Create Its Own Crypto And NFTs For Its Metaverse

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Walmart looking to launch its crypto and NFTs for its Metaverse.

According to CNBC, the gigantic supermarket chain Walmart is preparing to bring itself into the crypto, metaverse, and NFTs market.

In August, Walmart took a big step toward Crypto as Walmart was looking for a “Digital Currency And Cryptocurrency Product Lead” Vacancy. The position was supposed to create a brand’s digital currency strategy, define and drive the product vision, and identify and lead technology and consumer trends.

According to The Verge, a video of Walmart metaverse, which circulated on the internet in early Jan 2022, showed that the company started testing a shopping model in the virtual format a few years ago. Walmart’s moves suggest metaverse and cryptocurrencies are not far from the company.

Recent actions by Walmart demonstrate that the company’s interest in the metaverse and cryptocurrencies is growing over time. According to journalist Lauren Thomas, from CNBC, on December 30, Walmart filed several patent applications in the United States to deal with these technologies.

cnbc walmart patent
image source: CNBC

In all, with seven patent applications listed, the company has made it clear that it is keeping an eye on the market. One of the fillings shows that Walmart is looking to offer users virtual currency and NFTs.

CNBC writes: “In a separate filing, the company said it would offer users a virtual currency, as well as NFTs.”

According to a lawyer Josh Gerben, specializing in trademark registration in the United States, speaking to CNBC said:

“They’re super intense, There’s a lot of language in these, which shows that there’s a lot of planning going on behind the scenes about how they’re going to address cryptocurrency, how they’re going to address the metaverse and the virtual world that appears to be coming or that’s already here.”

CNBC writes that it appears Walmart will launch its crypto and NFTs according to its metaverse plans.

“Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs.”‘

Walmart made no comments on CNBC report and recent patent fillings but told CNBC:

“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.”

Recently Walmart introduced Bitcoin ATMs In over 200 Locations across the U.S.

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Albert Brown
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.


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