Walmart enters the metaverse
In January Walmart $WMT filed 7 trademark applications indicating it's intentions to enter the metaverse.
The areas of interest include. "Online retail store services featuring virual merchandise, virtual electronics, appliances, indoor and outdoor furniture, video games'.
Walmart also indicated their interest in creating it's own cryptocurrency and collection of NFTs.
They issued a statement saying "walmart is continuously exploring how emerging technologiesmay shape future shopping experiences. We are testing new ideas all the time, some ideas become products or services that make it to customers. And some we test, iterate and learn from."
I don't think anyone should be surprised by this move considering they have made their intentions clear that their number 1 competitor is Amazon and they won't just let them take away marketshare without a fight.
Below is a look at Walmart's idea of shopping in the Metaverse.