Walmart is getting ready for the metaverse and the digital currency issue

 

Retail giant Walmart has registered new patents proving the company's research into the metaverse space and the possibility of issuing its own digital currency and NFT tokens. 

Patent applications to the Patent and Trademark Office were submitted by the company at the end of 2021. They show that the company intends to manufacture and sell virtual goods, including electronics, home decorations, toys, sporting goods and personal care products.

In addition, the company is exploring the possibility of introducing a digital currency and issuing NFT tokens. Another filing shows that Walmart is thinking of creating a trademark in Virtual Reality (VR) and Augmented Reality (AR), with the possibility of introducing "fitness training services" in VR and AR.

Walmart said in a statement that it "is constantly exploring how new technologies can shape future purchasing experiences." And he added, “We are constantly testing new ideas. Some ideas become products or services that go to customers. And some we test, iterate and learn from them. "

Walmart is moving towards virtual currencies and metaverse

The Walmart network has been researching the cryptocurrency sphere for a long time, an important tip was the publication in August last year of a job offer for a "leader in digital currency and crypto product". The offer was pulled shortly after, and it is unclear whether the right person was hired.

In October, Walmart also began working with Coinstar and the Coinme cryptocurrency exchange to install 200 cryptocurrency exchange devices in its stores .

In addition, since 2018, Walmart has been using blockchain technology to manage the supply chain as well as the customer base and support for smart devices.

According to people familiar with the industry, the recent change of the name of Facebook to Meta was the impetus to start even more intense activities towards metaverse and virtual reality. There are many indications that virtual reality is getting closer and soon metaverse may become the main space of human life.