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Walmart is laying the building blocks of its metaverse universe with a series of patent filings made in December 2021 with the U.S. Patent and Trademark Office. The American multinational chain of hypermarkets and grocery stores could also launch its digital token and non-fungible token (NFTs) to go with it.
Details surrounding the filings are clouded in mystery, but there’s no mistaking the company’s resolve to make its entry into the metaverse world following the recent push from other major brands to break into the space.
The metaverse has captured the consciousness of many investors in the past 12 months or so. Still, it all started when social media giant Facebook decided to do away with its name and adopt the four-letter word Meta as its new name. Since then, we’ve seen other established companies troop into space, including Microsoft, Apple, Nike, Puma, and Crocs footwear.
Many will most likely follow this year, but Walmart certainly isn’t about to get left out.