Meta, the biggest social media platform, rebranded from Facebook to line up with the Metaverse developments.
However, the brand did face regulatory issues numerous times before, by entering the crypto world. Just like recently, when there was information that Diem is in discussions about how best to sell its intellectual property and return the capital to its investors.
Diem was released on June 18th, 2019, and has already caused plenty of controversies. At first, it was supposed to be managed by the "Libra association," a group of enterprises located in Switzerland.
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Moving on, the additional effort took place when Meta filed a trademark registration with INPI in regards to crypto services and products linked to trading, exchange platforms, and wallets.
Meta goes to Brazil to trademark Bitcoin and crypto services. January 25th was the day that the brand issued the application and is currently waiting for INPI approval. To be exact, the trademark filling order was placed on October 5th, 2021, from Jamaica.
The trademark registration with the Brazillian authorities have to develop, design, and provision hardware and software for Bitcoin and crypto-related services.
The specifications about the products and services to be trademarked for Meta indicate:
Design, development, and implementation of software for third-party verification services for digital currency transactions, including (but not limited to) transactions involving Bitcoin currency.
Tim Cook (the CEO of Apple) believes that there is potential in the Metaverse space, following the unexpected spike in Apple stock price tags. Therefore, he commented:
We're always exploring new and emerging technologies and I've spoken at length about how it's very interesting to us right now.
Apple stocks went up 8% to $167.23. Also, as Cook indicated, he sees the opportunity within the Metaverse and is investing accordingly.
