Walmart Planning to join Metaverse with own Crypto and NFTs
Walmart submitted trademark applications to prepare for their future in the virtual world Metaverse.
Walmart also planning to launch their cryptocurrency and NFTs as well. This move comes after one of the company's stores in the United States started to offer Bitcoin ATMs back in October.
Walmart is planning its own cryptocurrency and Ethereum-based tokens. They have applied for an NFT trademark to ease the virtual shopping experience.
Walmart is filing trademarks that indicate it's planning on creating a variety of new products, including electronics, home decorations, toys, and personal care products.
This includes many items like those the firm has been selling in its brick-and-mortar stores.
Walmart states that advancements in tech can help their business and that they are continually exploring new methods of change.
Walmart's decision to accept Litecoin earlier this week led the cryptocurrency's price to skyrocket before further news broke that the original press release was fake. Despite the false announcement.
A recent survey by Morning Consult found that Walmart clients are more likely to hold cryptocurrency - the leading cryptocurrency in the United States.
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