Payment giant Visa has filed two trademark applications with the United States Patent and Trademark Office (USPTO) regarding cryptocurrency wallets, non-fungible tokens (NFTs), and Metaverse.

This was initially revealed when Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted about it on Thursday.

Filed on October 22, 2022, the application applies to trademarks related to the management of digital, virtual and cryptocurrency transactions, including digital currency and cryptocurrency wallets.

The application was also applied to provide temporary use of non-downloadable software for users to view, access, store, control, manage, trade, send, receive, transmit and exchange digital currency, virtual currency, cryptocurrency, digital and on-chain assets Blockchain, and NFT.

Other sections of the apps deal with non-downloadable virtual goods as well as a collectible series of non-fungible tokens and also provide virtual environments where users can interact with each other for recreational, relaxation or entertainment purposes available and accessible worldwide virtual. .

As a result of the rapid growth of the web3 industry as a whole, filing for trademarked crypto products is now something that most companies have been actively doing in recent years. As Blockchain.News reported last month, applications related to the Web3.0 and Metaverse trademarks for this year have already exceeded the total recorded in 2021.

According to data uploaded by Mike Kondoudis, approximately 4,200 US trademark applications were filed in the first 8 months of this year for metaverse, virtual, and web3 products and services. Additionally, NFT-specific trademarks have surpassed those of last year, with crypto-hinged trademarks hitting massive numbers as well.

Additionally, Juniper Research has reported that NFT transactions are expected to increase. from 24 million in 2022 to $40 million in 2027 as the metaverse trend continues to gain steam. According to the report, this projection is based on its average adoption scenario, with brands leveraging the metaverse to drive digital growth.

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