Mastercard Moves In On the Metaverse and Files 15 New Trademark Applications
Multinational financial services giant, Mastercard has recently filed 15 new trademark applications related to crypto, fintech and the metaverse.
Top trademark lawyer Mike Kondoudis reveals that the credit card giant is planning to create non-fungible token (NFT)-backed media, while bringing its payment processing and e-commerce transaction system to the metaverse. Mastercard is also exploring building a marketplace for crypto assets.
Mastercard has filed 15 trademark applications for
MASTERCARD
PRICELESS
Its Circles Logo
Indicating plans for
NFT backed media
Payment processing in the Metaverse
Marketplaces for digital goods + NFTs
E-commerce transactions in the Metaverse#NFT #Metaverse #Web3 pic.twitter.com/IlamOZ6OLZ
— Mike Kondoudis (@KondoudisLaw) April 8, 2022
https://platform.twitter.com/widgets.js
Mastercard’s requests reportedly include trademarks for downloadable multimedia files which include artwork, text, audio and video authenticated by NFTs.
Kondoudis also notes the firm’s filing indicate preparation for e-commerce software involving electronic business transactions in the metaverse, together with the use of virtual credit cards, debit cards and prepaid card in the virtual world.
In January, the credit card company partnered with Coinbase’s to allow users of its recently announced nonfungible token (NFT) marketplace to use their cards to make purchases.
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Source: igaming
