British banking institution HSBC filed a series of metaverse and nonfungible token (NFT)-related trademark applications.
A June 12filingto the United States Patent and Trademark Office (USPTO) show the bank’s trademarks including metaverse banking, consulting, and financial services, along with virtual credit cards that point to a potential launch of a metaverse bank branch and further virtual banking services.
#HSBCcontinues its move into the#Metaverse!— Mike Kondoudis (@KondoudisLaw)June 19, 2023
The company has filed a new trademark application covering:
▶️ Metaverse banking, consulting, financial services
▶️ Virtual credit cards
▶️ NFTs + NFT-backed media
… and much, much more!#NFT#Crypto#Web3#NFTs#DeFipic.twitter.com/rb6UdA2Iq3
HSBC also applied for trademarks relating to online marketplaces, specifically aimed at NFTs. It’s not the first time HSBC has ventured into the virtual. In December 2022, itfiledtrademark applications for a slew of crypto and NFT-related technologies.
The interest in — and prices of — metaverse property hasrecently taken a dive, but regardless HSBC joins a growing number of firms showing interest in exploring the virtual world.
In Feb. 2022, JPMorganbecame the first bank to launcha virtual branch in Decentraland’s metaverse. Since thenVisa, PayPal, and Western Unionhave all filed for metaverse trademarks.
HSBC isn’t the only U.K. heavyweight eyeing the virtual world. Queen Productions Ltd — the production company managing the intellectual property of iconic British rock band Queen — also filed a series of patents relating to the metaverse and NFTs.
A June 12 patentapplicationsubmitted to the USPTO shows Queen plans to offer NFT-authenticated media as well as virtual merchandise including clothing, footwear and accessories.
Additionally, Queen is looking to develop virtual and mixed-reality software.
The rock group#Queenhas filed a new trademark application covering:— Mike Kondoudis (@KondoudisLaw)June 19, 2023
NFT authenticated media
Virtual clothing, footwear, audio gear
Software to make NFTs + Meta tokens
...and much more!#NFT#Web3#Crypto#Blockchainpic.twitter.com/ohytBr63pF
Yuga Labs announced the launch of its latest NFT game, marking the ninth iteration of its ten-step gaming-focused storyline.
A June 21 tweet from Yuga said the HV-MTL Forge event will kick off on June 29 and involves users building homes for their respective NFT characters.
First unveiled in March 2023, the HV-MTL NFT project is a 30,000-piece collection of “Mech” NFTs that stands adjacent to the project's flagship collection the Bored Ape Yacht Club (BAYC).
In a similar way to the predecessor game Dookey Dash, players will battle it out in a competitive, tier-based environment. However, instead of competing for a high score, the winner will be decided by community vote.
HV-MTL Forge.— Bored Ape Yacht Club (@BoredApeYC)June 20, 2023
Build. Flex. Fight. Evolve.
Season 1 begins June 29th.pic.twitter.com/rsZd9ChVqh
Users questioned the future utility ofSewer Pass NFTsthat were once used to compete in Dookey Dash, however Yuga recentlyrevealedthe passes could be burned to summon a “Power Source” that will unlock an “Evo 1 Mech.”
According to Yuga, competing in the HV-MTL Forge game will unlock further upgrades for the Mechs.
The announcement was met with mixed reviews on Twitter, with some users critiquing the trailer forresemblinga game they “would have played on Miniclip in 2003.”
It’s been a meaty week for announcements related to the metaverse and NFTs and American snack brand Slim Jim just made it even meatier.
In a June 21 tweet, the jerky stick manufacturer known for its meme-based marketing efforts announced its first step into Web3 with the launch of its humorously named “Meataverse” that includes NFTs and a cryptocurrency.
According to Slim Jim, a total of 10,000 NFTs are now up for grabs on its website. The NFTs, dubbed “GigaJims” are free-to-mint on the Ethereum scaling network Polygon and will reportedly function as a digital membership card in the future.
Marketed as a way for crypto and jerky enthusiasts alike to join the “long boi gang” the NFTs provide holders with access to perks and benefits that are set to be unveiled in the near future.
Additionally, GigaJims’ owners will be able to upgrade their NFTs by collecting Slim Jim’s digital currency “S.A.U.C.E.”
On June 21, Czech auto manufacturer Škodalaunched an NFT platformin collaboration with Layer-1 blockchain Near protocol.
On June 17, Genius.com co-founder Tom Lehman launched “Ethscriptions,”a new protocol for minting NFTsand other digital assets on Ethereum. It draws itsnamesake from Bitcoin Ordinals where assets are called “inscriptions.”