Visa Files Trademark Applications for NFTs 💳

Gm and open wide, here comes your daily dose of NFT news! 💊

What The Heck Is Going On? 

• GameStop NFT Marketplace Goes Live on ImmutableX

• Cardano Becomes Third Largest NFT Protocol by Trading Volume

• Visa Files Trademark Applications for NFTs 💳

• What The Meme?

GameStop NFT Marketplace Goes Live on ImmutableX

GameStop’s NFT marketplace is officially live on the blockchain platform ImmutableX.

The official launch will allow marketplace users to access Web3 games currently being built on ImmutableX, including Gods Unchained, Guild of Guardians and Illuvium, as well as additional NFT gaming assets. The layer 2 scaling product can facilitate “100% gas-free and carbon-neutral minting and trading” on the GameStop NFT marketplace.

The two platforms have worked together on several initiatives since February, including launching a $100 million grant for builders and creators of Web3 gaming and integrating ImmutableX into the GameStop NFT Marketplace’s wallet to allow for easier management of digital assets.

Cardano Becomes 3rd Largest NFT Protocol

Despite the overall crypto and NFT space being in a bear market, Cardano’s NFT space is expanding quickly. Cardano became the 3rd largest NFT protocol in NFT trade volume, trailing directly behind Ethereum and Solana.

Visa Files Trademark Applications for NFTs 💳

Visa filed two trademark applications to the United States Patent and Trademark Office related to digital wallets, non-fungible tokens and the metaverse.

Part of one of the applications applies for trademarks related to software for “management of digital transactions; use as a digital currency wallet and storage services software; use as a cryptocurrency wallet; and managing and verifying cryptocurrency transactions using blockchain technology," while another one is an application related to “providing temporary use of non-downloadable software for users to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange digital currency, virtual currency, cryptocurrency, digital and blockchain assets, and non-fungible tokens (NFT)."

Other parts of the applications relate to “non-downloadable virtual goods” and “a collectible series of non-fungible tokens," as well as “providing virtual environments in which users can interact for recreational, leisure or entertainment purposes accessible in the virtual world.”

The applications were filed on Oct. 22.

Visa’s application follows other large companies, including American Express and the New York Stock Exchange have filed similar applications over the past year.

What The Meme?

That's all folks!

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.