walmart (WMT) – Get a Walmart Inc. Report joins a number of other retailers who have established virtual stores and created non-replaceable tokens or NFTs with plans to produce its own cryptocurrency.
Retail giant Bentonville, Ark. filed several filings with the US Patent and Trademark Office on Dec. 30, including one seeking to trademark financial services for cryptocurrency, NFTs, and blockchain technology; a financial exchange of virtual currencies; creation of digital currencies and tokens of value for use by the online community; issuance of NFTs for use with blockchain technology and various other services related to NFTs, cryptocurrency, virtual currencies and digital currencies and assets.
Walmart has also filed a trademark application for several downloadable software products for e-commerce, virtual marketplace, marketing, virtual reality, entertainment, video game consoles, tablet computers, mobile devices, payments and transfers, blockchain, cryptocurrency, digital currency, virtual currency and several other software applications.
The retailer seeks a trademark for a virtual store for all products, including electronics, appliances, indoor and outdoor furniture, home decor, toys, sporting goods, home improvement, clothing, entertainment recordings, video games, books, publications, and most of the products it sells in its physical stores.
Walmart’s foray into virtual retail, NFTs and cryptocurrency follows other retailers already in the game. the chasm (GPS) – Get Gap, Inc. Report launched its first NFTs on the Tezos blockchain on Wednesday, ranging in price from $8.30 to $415, which come with a limited edition, collectible Gap hoodie.
Nike (NKE) – Get NIKE, Inc. Class B Report filed in October with the Patent and Trademark Office for a trademark on its downloadable virtual goods, including shoes, clothing and accessories for online use; retail sale of virtual goods; and entertainment services providing non-downloadable online products.