https://ift.tt/wcPJtED Files For More Than Dozen Metaverse And Crypto Trademarks | CryptoGazette

Mastercard makes another move that supports mass crypto adoption. The payments giant hopped into the crypto wagon and flaunts new filings related to NFTs, virtual worlds, and more.

Mastercard supports mass crypto adoption

The 15 filings by Mastercard, with an April 7 status date, include NFT backed multimedia, marketplaces for digital goods, and payment transaction processing and e-commerce software business transactions in the metaverse, according to the data coming from Blockworks.

The same official notes reveal that the applications are filed on a 1b basis, meaning there’s an intent to use them in the future, though when the company plans to use them and how is unclear.

It’s also important to note that the 1a applications, which are for “actual use,” 1b filings don’t require evidence to the government that the trademark is already being used.

Instead, a company must show “bonafide intent” to use the trademark at a future date.

Payments giants such as Mastercard and others are no strangers to the crypto industry.

Visa, for example, has been moving into the ecosystem for some time. The team also added crypto staff to the team and purchasing a CryptoPunk last summer.

It’s also notable to mention the fact that last month, American Express filed for similar trademarks as Mastercard for “downloadable computer software for facilitating the transfer of a virtual payment card to an electronic mobile wallet,” among other areas.

Bitcoin accumulation time

The mass crypto adoptin has been one of the most important goals that gthe crypto industry set and ther e have been a lot of moves taking place that support this important target.

A popular crypto strategist and trader said that Bitcoin’s (BTC) price action resembles the market top of November 2021 and is ready for another deep retracement.

In a new strategy session, pseudonymous analyst DonAlt explained that bears had taken control of Bitcoin after bulls failed to push the market higher despite large purchases from MicroStrategy’s Michael Saylor and Terra (LUNA) founder Do Kwon.