• Mastercard (NYSE) has submitted 15 metaverse and non-fungible token trademark applications.
• Plans to allow interaction with digital assets, virtual realities events, and other elements are included in the filings.
• Visa (NYSE: American Express (NYSE:) already filed their crypto-related USPTO filings.

Mastercard has submitted 15 trademark applications for metaverse and non-fungible token (NFT), with the United States Patent and Trademark Office.

Some of the most notable filings are plans to create a virtual community which allows interaction with digital assets and the processing of payments in the Metaverse. This online marketplace, where sellers and buyers can download virtual goods and participate in virtual reality events, is one of the highlights.

One of the trademark filings is for the company’s slogan, “Priceless”, and consists of multimedia files such as art, text, audio and video that are authenticated by NFTs.

Another application plans to use the Mastercard logo, with its red and yellow circled circles for processing card transactions for goods payment in the metaverse.

There is also a patent that plans to add Mastercard’s name to special cultural events such as sporting events, festivals, concerts or even award shows in the Metaverse. Virtual education programs and seminars can do the same.

Mastercard’s payment giant is not alone with metaverse trademark plans. Visa and American Express, for example, have submitted USPTOs that relate to crypto.

Visa submitted a 2022 application for a digital currency. Visa is working to develop a native digital currency that it can use on its card networks.

American Express, on the other side, has seven applications that are related to branding. These include virtual payment cards and concierge services in metaverse. American Express also offers NFT market access for its cards.

These payment titans are well-known and have made efforts to stay competitive in virtual economies.

Continue reading on CoinQuora