Walmart cryptocurrency and NFT plans
Walmart appears to be entering the metaverse with plans to create its own cryptocurrency and collection of non-exchangeable tokens (NFTs). According to CNBC, the large retail chain filed several new brands late last month, a move that indicates its intention to manufacture and sell virtual goods such as electronics, home decor, toys, sportswear and personal care products. Walmart even said that it will offer users a virtual currency, as well as NFT. According to the US Patent and Trademark Office, Walmart filed the application on December 30. In total, seven separate applications have been submitted. “Walmart is extremely strong in…