Meta, formerly Facebook, plans to expand its position in the Web3 sector. The social networking giant has filed for eight trademark applications to manage Web 3 services, including a dating app specifically designed for crypto investors. The move comes in support of Meta’s efforts to strengthen its position in the crypto and metavers spheres. Blockchain-based Web 3, the next stage of the Internet as we know it today, will have cryptocurrency and non-fungible tokens (NFTs) as integral components, which together will enhance the metavers sector.
Meta seeks to bring new products and services, aligned with the Web 3 industry built on blockchain technology.
Its future plans include launching new social networking platforms, computer software, e-commerce services, telecom services for digital resource holders and a metaverse-focused advertising platform, CoinTelegraph reports.
Also on the radar is a lineup of VR wearables, along with virtual reality (VR) entertainment and digital publishing services.
Meta is also thinking of creating a software for e-wallet. The company, however, has not officially announced any details about its trademark filing. It may be a few months before Meta gets approval.
According to a report by Quentelegraph, the average time for a U.S. Patent and Trademark Office to review an application is about nine and a half months.
Last week, Meta CEO Mark Zuckerberg said that Instagram would soon get NFT-related features.
Without going into details, Tech Mogul says Instagram users will be able to mint their own NFT in the “hopefully” app in the coming months.
Meanwhile, a number of other brands have also filed for trademarks around the Web3 space in the United States in recent days. These include the American Express, Slim Jim and the New York Stock Exchange