Mastercard Files 15 Trademark Applications for a Wide Range of Metaverse, NFT Services

Mastercard has filed 15 trademark functions masking a variety of companies regarding the metaverse and non-fungible tokens (NFTs). “We are regularly on the lookout for alternatives to ship new and distinctive experiences to our clients and cardholders,” Mastercard stated.

Mastercard’s NFT, Metaverse Trademark Applications

Payments big Mastercard filed 15 trademark functions with the United States Patent and Trademark Office (USPTO) final week masking a variety of services and products regarding non-fungible tokens and the metaverse.

A USPTO-licensed trademark lawyer, Mike Kondoudis, famous that the trademark functions are for Mastercard, Priceless, and Mastercard’s circles emblem. Priceless is a Mastercard marketing campaign that gives cardholders with on a regular basis reductions.

The trademark functions point out Mastercard’s plans for a variety of NFT initiatives, equivalent to NFT-authenticated downloadable music recordsdata and marketplaces for digital items and NFT-backed media.

They additionally cowl many actions within the metaverse together with e-commerce software program to permit customers to carry out electrical enterprise transactions, fee processing companies, bank card processing, and offering monetary data.

The serial numbers of the 15 trademark functions are 97346112, 97346101, 97346097, 97346083, 97346070, 97346064, 97346060, 97346043, 97346041, 97346029, 97346023, 97346019, 97346012, 97346003, and 97346993.

A Mastercard spokesperson informed the Insider: “We are regularly on the lookout for alternatives to ship new and distinctive experiences to our clients and cardholders.” The spokesperson added:

This submitting is solely a part of that effort, making certain that the trademark safety for our model carries by means of to any potential use within the metaverse uninterrupted.

A rising variety of giant companies have made an identical transfer, together with Meta (previously Facebook), Mcdonald’s, Burger King, Panera Bread, and Panda Express.

Last month, Citi predicted that the metaverse might be a $13 trillion alternative with 5 billion customers by the 12 months 2030. Global funding financial institution Goldman Sachs believes that the metaverse is an $8 trillion opportunity. Recently, megabanks JPMorgan and HSBC established a presence within the metaverse.

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