Walmart is the next big company with metaverse plans – and its own cryptocurrency

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The big-box American retailer filed trademark applications in late December to create its own cryptocurrency and NFTs.

Separate filings show the retailer also plans to create its own cryptocurrency and NFTs.For more stories,Walmart will join Facebook, Nike, Ralph Lauren, Bumble, Disney, and a string of other companies with plans to claim their own corner of the metaverse.

The retailer, the largest private employer in the US, quietly filed several trademark applications in late December, which described extensive plans to sell virtual merchandise.

A separate filing shows the company's interest in creating its own cryptocurrency payment method and collection of non-fungible tokens, or NFTs. According to the US Patent and Trademark Office, Walmart filed seven separate applications on December 30. "Walmart is continuously exploring how emerging technologies may shape future shopping experiences," the company said in an email to Insider."We don't have anything further to share today, but it's worth noting we routinely file trademark applications as part of the innovation process."

 

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