Even MasterCard is preparing to have a brand in the metaverse and a place on Web 3
By Admin
MasterCard has taken its first steps into the world of the metaverse and Web 3, after requesting trademarks in the world of the metaverse. This decision comes after both Visa and AmEx recently submitted their financial approvals to obtain trademarks. MasterCard has applied to obtain two trademarks in the virtual world of the Metaverse, relating to the word (Mastercard) and the company’s circular logo.
MasterCard and Web3 Virtual MasterCard has registered for 15 trademark applications related to the metaverse world, registering these trademarks as assets and documenting them on Web3. In the coming months, we will witness the results of what has been planned by MasterCard, and we can imagine countless fields and actions that may be a fantasy. MasterCard's decision to enter the world of metaverse is a strategic choice through which it seeks to compete with many large financial companies, including some major competitors.
What about competitors? Visa, a competitor in the Metaverse and Web 3 space, has recently acquired and registered ownership of Cryptopunk coins.
What are CryptoPunks?
They are collectible pieces of digital artwork, represented by non-interchangeable tokens on the Ethereum blockchain. There are 10,000 8-bit miniature CryptoPunks characters, all with unique traits. As one of the first popular NFT projects, it has been an inspiration for many digital artists, and this project became even more popular in 2021 after some CryptoPunks characters were sold for millions of dollars, making them among the most expensive NFTs.
In the past few weeks, Visa announced an initiative to help artists navigate Web 3. Furthermore, Amex CEO hinted at exploring ways to allow credit card holders to redeem points for cryptocurrencies. That was in January of this year, and we haven't heard much since.
Amex recently filed its own trademark filings, along with Visa and Mastercard. Finally, investment bank JP Morgan has opened its virtual gym on the Decentraland platform. You may be interested in reading: HSBC Bank has its say and enters the world of the metaverse through the Sandbox platform
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