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Meta files trademark registration for crypto-related products

Meta Facebook
Meta Facebook

Meta, formerly Facebook, has filed for a trademark application in Brazil. The application filed with the Brazilian National Institute of Industry Property (NPI) touches on various crypto products and services.

Meta’s venture into the crypto sector has placed it ahead of other tech giants. Towards the end of last year, Facebook rebranded into Meta as part of its metaverse plans. The company is also involved in the development of the Novi crypto wallet.

Meta files trademark registration in Brazil

The trademark application filed with the INPI seeks to enable Meta to launch crypto-related products and services. These services include trading, wallet and crypto exchange operations.

The application did not give the exact product line that Meta would be focusing on. However, some details on the application show that the services will focus on Bitcoin and other cryptocurrencies.

“Design, development and implementation of software for third-party verification services for digital currency transactions, including (but not limited to) transactions involving Bitcoin currency,” part of the trademark registration read.

Meta released the details of this trademark registration on January 25. The registration is currently waiting for approval from the INPI. The publication shows that Meta first made its filing order for the trademark on October 2021, with the order being placed from Jamaica.

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Tech giants focusing on crypto

Meta is not the only tech giant focusing on crypto offerings. Apple is also looking towards crypto technology, specifically the metaverse. During a recent earnings call for Q1 2022, the CEO of Apple, Tim Cook, noted that Apple would tap into the potential of the metaverse. The announcement resulted in a slight recovery in Apple’s stock price.

Cook noted that Apple was “investing accordingly” in the metaverse space because of the opportunities present within the metaverse. However, unlike other tech giants, Apple is yet to make its metaverse plans public.

Apple has focused more on augmented reality (AR), with its product line on this being a notable success. Cook noted that Apple was “always exploring new and emerging technologies.” He added that the metaverse space was “very interesting to us right now.”

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