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TEXXR

Chronicles

The story behind the story

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Recent filings from Walmart, including seven US trademark applications, indicate a possible plan to develop and offer virtual goods, NFTs, and a cryptocurrency

- Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs.

CNBC Lauren Thomas

Context & Ripple Effects

Before these filings, Walmart had tested in-store bitcoin purchases through Coinstar kiosks in 200 U.S. stores. The applications extend that payments experiment into branded digital commerce, while later coverage shows Walmart using Roblox as a testing ground for younger shoppers.

The arc matters because Walmart is probing both the payment and merchandise sides of online identity: access to cryptocurrency at retail, then potential branded virtual inventory and experiences. The supplied coverage does not establish that the filings produced an NFT or cryptocurrency launch.

First-order effects

  • Walmart begins pursuing U.S. trademark protection for virtual goods, NFTs and cryptocurrency-related offerings, giving its teams a formal route to test those categories without demonstrating that a service is live.

Second-order effects

  • Walmart's later Roblox experiences provide a customer-facing testing channel for virtual merchandise and brand engagement; the coverage does not show that those experiences used the NFT or cryptocurrency plans signaled by the filings.

Third-order effects

  • If Walmart carries its payments work from bitcoin access toward the stablecoin exploration reported later, large retailers may increasingly treat digital wallets as both a checkout-cost lever and a gateway to digital goods.

The trend: Retailers are converging payments experiments, digital identity and virtual merchandise into wallet-centered commerce strategies.

Discussion

  • @rhhackett Robert Hackett on x
    Every big company will have a web3 strategy. https://twitter.com/...
  • @mpmcsweeney Michael McSweeney on x
    I think this story says more about big companies trying to grab buzzy IP versus any specific near-term plans on the part of Walmart, but you never know. https://twitter.com/...
  • @denverbitcoin @denverbitcoin on x
    I'm not sure y'all are prepared for Walmart coin. Gonna get cringy out here. https://www.cnbc.com/...
  • @curaffairs @curaffairs on x
    an NFT is literally nothing. remember every time you see the word NFT that what is being talked about is the selling of nothing to suckers, in the hopes that enough people will be deluded into thinking the nothing is actually something. https://twitter.com/...
  • @thedcsentinel @thedcsentinel on x
    Just another headline about our new decentralized financial system sticking it to the man https://twitter.com/...
  • @melissa_repko Melissa Repko on x
    Walmart is quietly preparing to enter the metaverse, @laurenthomas reports. Other retailers, including Nike, have been filing trademark applications to sell virtual sneakers and more, too. https://www.cnbc.com/...
  • @apompliano @apompliano on x
    Walmart is about to go full degen. They want to create their own cryptocurrency and also sell you NFTs. https://www.cnbc.com/...
  • @ultiarena @ultiarena on x
    You can never stop technology from being mass adopted. Do not reject it; embrace it. https://www.cnbc.com/...