On March 18 Meta, the new title of the social network Facebook, submitted eight trademark applications so that the new firm brand could cover different parts of the cryptocurrency marketplace.
Specifically, in these eight intellectual home paperwork, up to six right pointed out the key phrases “cryptocurrency”, “virtual currency” and “blockchain”, focusing on the array of tokens, transactions, computer software. , wallet, exchange.
It’s nevertheless unclear what Meta’s potential strategies are when it comes to registering the firm brand for these elements, but these could be merchandise developed by the social network to serve CEO Mark Zuckerberg’s metaverse vision.
However, the sudden factor is that in February Meta announced the liquidation of all the assets of Diem/Libra, the stablecoin venture began by Facebook in 2019 and which has suffered a great deal of legal troubles from numerous nations, the West.
Speaking at the SXSW conference not extended in the past, Zuckerberg uncovered that he was producing NFT help for the Instagram app. Since NFTs are fundamentally cryptographic tokens, which should be developed on the blockchain and stored in a wallet, these new brand names could serve this performance, or the bigger metaverse of the universe. A half.
Similar to Facebook/Instagram, numerous other key social networks like YouTube and Reddit also have expressed intentions to integrate NFT or have moved to help NFT as an avatar like Twitter. Twitter even will allow end users to integrate Bitcoin and Ethereum wallet addresses into their private profiles.
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