Walmart Files New Crypto and NFT Trademarks

Global retail giant Walmart has recently filed for new Crypto, Blockchain Trademarks Via Sam's Club, an American chain of membership-only retail warehouse clubs that is owned and operated by Walmart Inc.

Founded by Walmart's founder Sam Walton himself, Sam's Club has filed for several blockchain-related patents. While it isn’t entirely clear what the retail giant’s plans are, the trademarks all related to cryptocurrencies, non-fungible tokens, and virtual reality.

Walmart is now jumping into the digital and blockchain bandwagon by filing for crypto and NFT trademarks. Sam's Club is now garnering the crypto waters as the retailer recently offered healthcare services that cater to the augmented reality and virtual space.

Walmart filed a couple of trademarks that will allow it to manage NFTS, offer digital goods, and also provide crypto-based software. Early in 2018, Walmart has already shown its interest to jump into the blockchain waters, specifically with the launch of Bulkcoin, which is exclusive to members of the Club.

According to the US Patent and Trademark Office website, Walmart filed for several new trademarks pertaining to blockchain services. The records numbered 97775159 and 97775152 are intended to enable the retail giant’s subsidiary Sam’s Club to offer numerous virtual goods.

The patents filings make mention of a digital currency and NFTs, as well as virtual and augmented reality healthcare and education. The trademarks reveal plans for the launch of a wallet, and perhaps other software aimed at organizing digital asset portfolios.

In early last year, multiple reports claimed that Walmart is preparing to enter the Metaverse as it filed for its first round of NFT-related trademarks already in late 2021.

To recall, in October 2021, Walmart started  selling Bitcoin in a pilot programme by hosting the ATM-like machines of Coinstar, a crypto wallet and crypto exchange company.

In 2018, Walmart has already shown its interest to jump into the blockchain waters, specifically with the launch of Bulkcoin, which is exclusive to members of the Club.
Advertisements

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.