Meta is the largest social media platform in the world, the company has filed a trademark registration with the Brazilian authorities to design, develop, and provide hardware and software for different Bitcoin and crypto-related services.
Just recently, Meta rebranded from Facebook as a move to help it align with the Metaverse developments despite the many regulatory hurdles that it faced in its many attempts to enter the crypto sector previously.
Meta published the application for the registration on January 25 and is now waiting for opposition before INPI approval. Accelerating these plans, Meta filed a trademark registration that was sent to the Brazilian National Institute of Industrial Property (INPI) for cryptocurrency services and products that are linked to wallets, trading, and exchange platforms.
More investigations revealed that there was a translated version of the specifications about the services and products to be trademarked for Meta, as seen below:
The translated version of Meta’s Products and Services description.
“Design, development, and implementation of software for third-party verification services for digital currency transactions, including (but not limited to) transactions involving Bitcoin currency.”
Meta published this application for registration on January 25 and is now awaiting opposition before INPI approval. Based on the filing, Meta’s trademark filing order was placed on October 5, 2021, from Jamaica.Buy Crypto Now
In the company’s Q1, 2022 earnings call, Apple CEO Tim Cook stated that he sees significant potential in the Metaverse space, resulting in a quick spike in Apple stock prices. Based on the market reports, the Apple stocks (APPL) spiked 8% to $167.23 in after-hours trading.
While answering one of the questions about Apple’s opportunities within the Metaverse, Cook talked about the potential that exists in this space and is investing significantly, adding:
“We’re always exploring new and emerging technologies, and I’ve spoken at length about how it’s very interesting to us right now.”