Meta, formerly known as Facebook, intends to enhance its position in the Web3 space. The social media behemoth has applied for eight trademarks to offer Web3 services, including a dating app tailored to cryptocurrency investors.
The social media giant’s attempts to improve its standing in the crypto and metaverse worlds will benefit from the move. Cryptocurrencies and non-fungible tokens (NFTs) will be key aspects of blockchain-based Web3, the next phase of the Internet as we know it, which will boost the metaverse sector. Meta is seeking to bring in new blockchain-based products and services to match with the Web3 market.
According to local media, the company’s future goals include the launch of additional social networking platforms, computer software, e-commerce services, telecom services for digital asset owners, and a metaverse-focused advertising platform.
Meta is also interested in Virtual Reality (VR)-enabled entertainment and digital publishing services, as well as a line-up of VR wearables.
The social media titan is also exploring developing software for e-wallets. However, the corporation has not made any official announcements about its trademark filings. It could take months for Meta to receive permission. However, according to statistics, the typical time for the US Patent and Trademark Office to consider an application is roughly nine and a half months.
8 Web3 related trademark applications
The United States Patent and Trademark Office, or USPTO, has received eight trademark applications from Meta, previously Facebook, relating to blockchain technology and its projected metaverse.
The following are the applications and their fields of interest, sorted by serial number:
- 97320155: Online social networking and dating services, along with a branch dedicated to cryptocurrency investor networking.
- 97320153: Design and development of Web3-related computer hardware and software, including gaming, e-commerce, and blockchain transactions, among other things.
- 97320149: Entertainment and electronic publishing services, partly within virtual reality.
- 97320147: Telecommunication services for electronic assets held on its platform.
- 97320146: Financial transaction processing services relating to tokens, blockchain assets, cryptocurrencies and other virtual assets.
- 97320144: Advertising services via virtual or augmented reality networks and the metaverse.
- 97320140: Wearable peripherals for video games connected to virtual reality.
- 97320136: Downloadable software in the nature of a mobile application, such as for user authentication, online charitable fundraising and most notably, for hardware or e-wallets.
Last week, Mark Zuckerberg, the CEO of Meta, announced that NFTs would be integrated into Instagram’s numerous products in the near future. However, not all of Web3’s crypto projects have been successful. About the same moment, the Australian Competition and Consumer Commission filed a lawsuit against Meta, alleging that it engaged in “false, misleading, or deceptive conduct” by running fake celebrity crypto adverts on its platform, resulting in investment losses.