NFT Industry News

American Express Files For NFT and Metaverse Trademarks

The multinational bank card service firm American Categorical has entered the NFT and metaverse world. The corporate filed seven trademark functions within the NFT and metaverse class with the U.S. Patent and Trademark Group.

American Categorical within the NFT and Metaverse

With the rising forays of corporations into the metaverse, the digital actuality house is attracting public consideration. As a way to set up its management within the metaverse, American Categorical filed seven emblems functions for the corporate’s identify, brand, motion, membership rewards. This contains AMEX, Centurion, Store Small, and membership rewards.

USPTO licensed trademark lawyer Mike Kondoudis tweeted Tuesday relating to American Categorical’ NFT and metaverse commerce functions.

Below the emblems functions, the bank card service firm plans to supply NFT backed multimedia, cryptocurrency companies, digital banking, and change companies.

Large tech corporations similar to JPMorgan, Visa, Mastercard, PayPal have expressed curiosity in cryptocurrencies. Particularly, JPMorgan has proven main assist for the rise of cryptocurrencies, thought of to be an enormous participant within the cryptoverse.

American Categorical in second after JPMorgan to discover the metaverse. In February, JPMorgan introduced the opening of a lounge in Decentraland. The financial institution additionally launched a paper on the alternatives within the metaverse, revealing how a number of progressive applied sciences together with augmented actuality (AR) and digital actuality have come collectively to allow this idea of the metaverse.

Fintech Giants Exploring NFTs and Metaverse

Fintech corporations together with Visa, Mastercard, and PayPal have been exploring the NFT and metaverse both instantly or not directly. Not too long ago, Mastercard launched the Begin Path Crypto scheme for non-fungible tokens (NFTs), stablecoins, and bitcoins startups.

Visa too confirmed its curiosity in NFTs because it acquired a digital collectible known as CryptoPunk and launch a paper on the significance of metaverse for the way forward for monetary establishments.

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