American Express Files For NFT and Metaverse Trademarks

The multinational bank card service firm American Categorical has entered the NFT and metaverse world. The corporate filed seven trademark functions within the NFT and metaverse class with the U.S. Patent and Trademark Group.

American Categorical within the NFT and Metaverse

With the growing forays of corporations into the metaverse, the digital actuality house is attracting public consideration. With a purpose to set up its management within the metaverse, American Categorical filed seven logos functions for the corporate’s identify, brand, motion, membership rewards. This consists of AMEX, Centurion, Store Small, and membership rewards.

USPTO licensed trademark lawyer Mike Kondoudis tweeted Tuesday concerning American Categorical’ NFT and metaverse commerce functions.

Beneath the logos functions, the bank card service firm plans to supply NFT backed multimedia, cryptocurrency providers, digital banking, and trade providers.

AMERICAN EXPRESS has filed 7 trademark functions for its logos and
▶️AMERICAN EXPRESS
▶️AMEX
▶️CENTURION
▶️SHOP SMALL
▶️MEMBERSHIP REWARDS

Indicating plans to supply
✅NFT backed multimedia
✅Cryptocurrency providers
✅Digital banking + trade providers#NFTs #Metaverse #web3 pic.twitter.com/g06qSTUDYH

— Mike Kondoudis (@KondoudisLaw) March 15, 2022

Huge tech corporations akin to JPMorgan, Visa, Mastercard, PayPal have expressed curiosity in cryptocurrencies. Particularly, JPMorgan has proven main help for the rise of cryptocurrencies, thought-about to be a giant participant within the cryptoverse.

American Categorical in second after JPMorgan to discover the metaverse. In February, JPMorgan introduced the opening of a lounge in Decentraland. The financial institution additionally launched a paper on the alternatives within the metaverse, revealing how a number of revolutionary applied sciences together with augmented actuality (AR) and digital actuality have come collectively to allow this idea of the metaverse.

Fintech Giants Exploring NFTs and Metaverse

Fintech corporations together with Visa, Mastercard, and PayPal have been exploring the NFT and metaverse both instantly or not directly. Not too long ago, Mastercard launched the Begin Path Crypto scheme for non-fungible tokens (NFTs), stablecoins, and bitcoins startups.

Visa too confirmed its curiosity in NFTs because it acquired a digital collectible referred to as CryptoPunk and launch a paper on the significance of metaverse for the way forward for monetary establishments.