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Monday, November 28, 2022

Walmart Plans to Sell Virtual Goods, Create Cryptocurrency and NFTs

Walmart  (WMT) – Get Walmart Inc. Report is joining a number of other retailers who have established virtual retail stores and created non-fungible tokens, or NFTs, with plans to produce its own cryptocurrency.

The Bentonville, Ark., retail giant on Dec. 30 filed several applications with the U.S. Patent and Trademark Office, including one that seeks to establish a trademark for financial services for cryptocurrency, NFTs and blockchain technology; a financial exchange of virtual currency; creation of digital currency and tokens of value for use by the online community; issuance of NFTs for use with blockchain technology and various other services involving NFTs, cryptocurrency, virtual currency and digital currencies and assets.

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