Meta Files Five New Web3 Trademark Applications for META PAY

The trademark applications signals the company’s plans to expand into crypto and virtual products.
Image source: Meta

Quick take:

  • META PAY could offer blockchain software, virtual currency exchanges and cryptocurrencies.
  • The trademark applications also cover software for digital exchanges for virtual items.
  • These new applications follow previous filings by Meta as it expands its Web3 reach.

Meta has filed five new trademark applications for META PAY, metaverse trademark attorney Michael Kondoudis revealed in a tweet today. The applications were submitted to the U.S. Patent and Trademark Office (USPTO) on May 13, and signal the company’s plans to expand further into Web3.

The trademark applications indicate plans to offer blockchain software, virtual currency exchanges, cryptocurrency trading, managing and validating crypto transactions as well as digital, crypto, and virtual currencies.

Image source: Mike Kondoudis

The trademark applications were filed for international classes 9, 35, 36, 42 and 45. The extensive lists of goods and services under the trademarks include the following:

  • Software for use with digital, virtual and cryptocurrency
  • Digitized assets, digital tokens, crypto tokens and utility tokens
  • Software for managing and validating digital currency, virtual currency, cryptocurrency, digital asset, blockchain asset, digitized asset, digital token, crypto token and utility token transactions
  • Software for creating a decentralized and open source virtual currency for use in blockchain-based transactions
  • Blockchain as a service, namely, business advice and information in the field of blockchain technology
  • Cryptocurrency exchange services and cryptocurrency payment processing
  • Software for sending, receiving, accepting, buying, selling, storing, transmitting, trading and exchanging digital currency, virtual currency, cryptocurrency, digital and blockchain assets, digitized assets, digital tokens, crypto tokens and utility tokens
  • Online social networking service for investors allowing financial trades and exchange of digital currency, virtual currency, cryptocurrency, digital and blockchain assets
  • Blockchain and distributed ledger technologies

The latest trademark applications come after Facebook Pay was renamed MetaPay last week. They also follow previous filings by Meta for its logo as the company expands its Web3 reach.

“We expect the number of trademark filings for crypto and virtual financial services from the social media sector to increase as these companies plan to position themselves for the financial side of the metaverse,” said Kondoudis.

Financial Times revealed last month that Meta Financial Technologies has plans to introduce virtual tokens for the company’s metaverse.

Meta’s other recent movements within the Web3 space include the testing of NFT features on Instagram, which began last week with a small group of US-based creators and collectors. 

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