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Walmart will develop its cryptocurrency, NFT, and Metaverse

Walmart will develop its cryptocurrency, NFT, and Metaverse

The well-known American retailer applied to the patent office for the registration of new trademarks. It appears that Walmart is going to create and sell virtual household goods. 

Why is it so important? 

  • This can affect the growth rate of the company's shares on the stock market
  • New crypto projects to invest in can emerge on the market

According to CNBC, a total of seven different trademark applications have been registered. In one of them, the company indicated that it plans to offer users a new currency and an NFT collection. 

The company itself declined to comment on the applications, stating: “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”. 

Recall that in the summer of 2021, the company opened a position for the head of cryptocurrency development. However, Walmart was among the companies most actively using blockchain technology even before that. This technology is often used by wealthy companies to serve corporate clients.

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