Mastercard submits 15 trademark applications related to NFT and metaverse
Mastercard’s participation in the metaverse is not too surprising, but the move to register a series of trademark protection shows that this giant is ready and determined to become a big player in the race to enter the virtual super universe. .
Mastercard is known as a financial service with an open attitude towards digital assets
On April 8, Mr. Michael Kondoudis, a lawyer specializing in metaverse trademark copyright, discovered that Mastercard had submitted to the US Patent and Trademark Office a total of 15 applications for protection of the Mastercard brand and logo. It is also the company’s slogan. All of the above applications were submitted simultaneously on 4/4. In the description of the applications, there are many references to concepts such as NFT, metaverse, virtual credit cards, digital assets, etc.
Details of 15 applications for trademark protection of Mastercard
Thus, if these applications go into effect, Mastercard’s wide range of products and services from virtual, crypto-currency and financial products and services will be officially protected by the US Patent and Trademark Office.
In his tweet, Mr. Michael Kondoudis said: “The entry of a giant like Mastercard into the metaverse is exactly the recognition needed for the doubts and controversies surrounding this concept. Applications. The above will help protect the Mastercard brand, when the company takes further steps to penetrate deeper into the metaverse.”
Before Mastercard, there were also many other financial institutions participating in the metaverse such as JPMorgan Chase, which decided to open a virtual branch in the Decentraland virtual universe to explore and research payment and service solutions. services on this platform. In March, the largest bank in the UK was HSBC also just announced it will cooperate with another metaverse, The Sandbox, and plans to buy a piece of land in this virtual universe to open a branch in the not too distant future.
In addition to banks, there are many brands that have begun to “pull each other” into the metaverse, including Nike, New Balance, Gucci… and many other popular brands.
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