HSBC files metaverse and NFT patents
British banking institution HSBC filed a series of metaverse and nonfungible token (NFT)-related trademark applications.
A June 12 filing to 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.
#HSBC continues its move into the #Metaverse!
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 #DeFi pic.twitter.com/rb6UdA2Iq3
— Mike Kondoudis (@KondoudisLaw) June 19, 2023
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, it filed trademark applications for a slew of crypto and NFT-related technologies.
The interest in — and prices of — metaverse property has recently taken a dive, but regardless HSBC joins a growing number of firms showing interest in exploring the virtual world.
In Feb. 2022, JPMorgan became the first bank to launch a virtual branch in Decentraland’s metaverse. Since then Visa, PayPal, and Western Union have all filed for metaverse trademarks.
Queen eyes 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 patent application submitted 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 #Queen has filed a new trademark application covering: