Funding big Constancy Investments has filed trademark purposes in the USA for a number of Web3 services and products, together with a nonfungible token (NFT) market and monetary funding and crypto buying and selling companies within the metaverse.
That is in response to three trademark filings submitted to the USA Patent Trademark Workplace (USPTO) on Dec. 21, which was highlighted by licensed trademark legal professional Mike Kondoudis in a Dec. 27 tweet.
#Constancy has plans for the metaverse!
The corporate has filed three trademark purposes masking
▶️ NFTs + NFT Marketplaces
▶️ Metaverse Funding Providers
▶️ Digital Actual Property Investing
▶️ Cryptocurrency Buying and selling
… and extra!#NFTs #Metaverse #Crypto #Web3 #Defi #Finance pic.twitter.com/op9fg80e7z
— Mike Kondoudis (@KondoudisLaw) December 26, 2022
One of many key areas of the agency’s focus seems to be the metaverse, with Constancy indicating that it may supply a variety of funding companies inside digital worlds together with mutual funds, retirement funds, funding administration and monetary planning.
It additionally seems that metaverse-based fee companies could possibly be within the works, together with digital invoice funds, fund transfers and the “monetary administration of bank card accounts within the metaverse and different digital worlds.”
By way of crypto, the filings point out that the agency may launch buying and selling and administration companies within the metaverse, together with offering digital forex pockets companies.
“Digital pockets companies within the nature of digital storage and processing of digital forex for digital funds and transactions by way of a world laptop community; digital forex, digital forex, cryptocurrency digital token,” the submitting reads.
Constancy Investments Trademark submitting: USPTO
Moreover, Constancy outlines that it may supply academic companies within the metaverse within the type of “conducting courses, workshops, seminars and conferences within the subject of investments and within the subject of promoting monetary companies.”
“Offering enterprise data to monetary service suppliers by way of an web site, within the subject of enterprise advertising within the metaverse and different digital worlds; referral companies within the subject of funding recommendation and monetary planning within the metaverse and different digital worlds” one submitting reads.
NFTs are additionally in Constancy’s plans, with the funding supervisor stating that it may launch an “on-line market for consumers and sellers of digital media, particularly, non-fungible tokens,” nonetheless additional particulars on such are sparse.
Associated: Present infrastructure cannot assist the metaverse, says Huawei report
The most recent filings from Constancy present that the agency has not been spooked by the extreme bear market in 2022 and up to date FTX implosion, and is as a substitute trying to improve its publicity and choices in Web3.
The agency basically outlined as such and known as for stronger regulation when responding to a Nov. 21 letter from crypto-hating senators Elizabeth Warren, Tina Smith and Richard Durbin, which had known as on Constancy to rethink its Bitcoin (BTC) retirement merchandise as a result of “unstable, tumultuous and chaotic” nature of crypto property.
A Constancy spokesperson instructed Cointelegraph on the time that the corporate “has at all times prioritized operational excellence and buyer safety” and famous that “current occasions” within the crypto trade have solely “underscored the significance of requirements and safeguards.”
Additionally it is value noting that again in October, Constancy was reportedly trying to beef up its crypto unit by hiring 100 new employees members, a stark distinction to plenty of crypto companies which have laid off a major quantity of workers this yr.