Meta Files for Trademark Registration in Brazil for Crypto-Related Services

[ad_1]

Meta has applied for trademark registration in Brazil that would allow the social media platform to design, develop and provide hardware/software for a variety of crypto-related services.

Meta, formerly known as Facebook, has filed a trademark registration in Brazil that would allow the world’s largest social media platform to position itself as a designer, developer and supplier of hardware and software for related services bitcoin and crypto.

The application, filed with the Brazilian National Institute of Industrial Property (INPI) on October 5, 2021, is currently pending INPI approval. Meta released the listing request earlier this week. From what has been made public, it appears that the trademark filing would cover activities involving crypto trading, wallets, and exchanges.

Goodbye, goodbye Diem

Since Facebook became Meta, the social media conglomerate has turned its attention to Web3 and the Metaverse, hoping to overcome its previous challenges trying to create a mainstream stablecoin.

A few days ago, we learned that Meta had chosen to abandon the Diem project, where the company would sell Diem to return capital to investors and pay engineers who had previously worked on the project. Diem also reportedly spoke with investment bankers about selling the intellectual property and finding positions for those engineers who spent a lot of time on the project. Its mission was to create a DLT-based stablecoin, choosing to focus its efforts on building its own metaverse – incorporating its own crypto-related services into it.

Meta recently announced that it would allow the creation and presentation of NFTs on Instagram and launch an NFT Marketplace on Facebook. These initiatives could help bring many users onto the NFT bandwagon. The NFT game could be part of an early foray into the metaverse.

Meta CEO Mark Zuckerberg believes that “NFTs could eventually support this world.”

Apple and Microsoft don’t want to miss anything

As for tech giants Apple and Microsoft, who have also shown interest in the Metaverse, we see both CEOs expressing their support for the Metaverse.

Earlier this month, Microsoft bought Activision Blizzard for $69 billion in a push into the Metaverse. “Gaming is the fastest growing and most exciting entertainment category on any platform today and will play a key role in the development of metaverse platforms,” ​​Microsoft CEO Satya Nadella said after the acquisition.

Apple CEO Tim Cook has previously said the company definitely sees potential in the Metaverse – which is supported by the company’s more than 14,000 augmented reality apps on its App Store through its programming interface. , AR-Kit.

Cook said Apple’s research and development focuses on the intersection of hardware, software and services. It seems likely that any Apple metaverse project will be a closed system, raising questions about how it would play with other metaverse projects or digital assets.

What do you think of this subject? Write to us and tell us!

Disclaimer All information contained on our website is published in good faith and for general information purposes only. Any action the reader takes on the information found on our website is strictly at their own risk.

[ad_2]