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UPS to enter the metaverse with digital retail delivery companies

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United Parcel Service (UPS), an American multinational delivery and receiving firm, is planning to enterprise into the metaverse. Mike Kondoudis, a non-fungible token (NFT) trademark legal professional, unveiled this information by a tweet earlier at present. According to him, the agency filed new patent purposes to register United Parcel Service, The UPS Store, UPS, and the UPS Logo.

UPS submitted the purposes to the US Patent and Trademark Office (USPTO) on April 5. The purposes cowl a plethora of digital and NFT items and companies.

Specifically, UPS seeks to supply NFTs and crypto-collectibles, NFT-backed multimedia, digital retail delivery and supply, Virtual clothes, packages, autos, airplanes, and sports activities collectibles, marketplaces for digital items and NFT-backed media, and retail shops that includes digital items.

Commenting on UPS’ choice to file patent purposes for its metaverse services, Kondoudis mentioned,

“UPS is a world delivery and supply model, and the worth connected to its emblems is important. These filings are the following logical step to guard the UPS model because it enters the metaverse.”

Striving to get a first-mover advantagePer Kondoudis, the April 5 patent filings imply UPS believes within the potential of the metaverse. He added that UPS is making ready its emblems and model for the digital economic system with expectations that it’s going to turn into a number one participant within the metaverse. 

Kondoulis additional famous that UPS’ patent filings may set off a wave of comparable purposes from the delivery, logistics, and package deal supply business.

He concluded,

“We count on the variety of trademark filings for NFT and digital services from the delivery, logistics, and package deal supply sector to extend within the subsequent 12 months as manufacturers come to understand the necessity for cover within the Metaverse.”

Mainstream firms proceed warming as much as NFTs and the metaverseAfter Facebook rebranded to Meta and introduced its metaverse ambitions, established firms like Samsung and Disney shortly joined the area. Since then, the metaverse frenzy has not cooled down, and mainstream firms are more and more forming methods to suit NFTs and metaverse into their operations.

For occasion, Wendy’s a fast-food restaurant chain filed trademark purposes for Wendy’s, Frosty, Baconator, Wendyverse, and The Wendy’s Logo on April 6. These purposes cowl digital meals and drinks, NFTs and digital tokens, shops with digital items, and on-line digital worlds.

Financial companies firm Mastercard additionally filed 15 NFT and metaverse-related patent purposes on April 4. The 15 purposes had been for Mastercard, Priceless, and the agency’s emblem. These purposes cowl NFT-backed media, cost processing within the metaverse, marketplaces for digital items and NFTs, and e-commerce transactions within the metaverse.

Jinia Shawdagor Journalist at CryptonomieJinia is a fintech author primarily based in Stockholm, Sweden. With years of expertise, she has written about cryptocurrency and blockchain for famend publications akin to Cointelegraph, CoinMarketCap, Bitcoinist, Invezz, and so on.

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