• Home
    • Bitcoin News
    • Ethereum News
    • Scam News
    • Regulation News
    • Mining News
    • CBDC News
    • NFT News
  • Blockchain News
    • Web3.0
    • Metaverse
    • DeFi
  • New to Crypto?
  • Press Release
    • Sponsored
    • Advertise at Todayq News
Facebook Twitter Instagram
Todayq News
  • News
    • Bitcoin
    • Ethereum
    • Scam
    • Regulation
    • CBDC
    • Mining
    • NFT
  • Blockchain
    • Web3.0
    • Metaverse
    • DeFi
  • New to Crypto
  • Press Release
    • Sponsored
    • Advertise at Todayq News
Crypto Trading Experts
Twitter Facebook Instagram LinkedIn
Todayq News
News

US trademark official reveals Mercedes Benz’s plans for metaverse and Crypto space

By Samvidha Sharma21 December 2022, 03:56 PM
US trademark official reveals Mercedes Benz's plans for metaverse and Crypto space

The adoption of the metaverse by multinational companies across the globe is becoming a relatively common trend.

In a recent revelation, the German multinational automotive corporation Mercedes Benz AG group is moving towards the digital space with non-fungible tokens (NFTs) and the metaverse. 

The filing was done with the United States and Trademark Office (USPTO) around a week ago; however, it was revealed in a tweet by NFT and metaverse licensed trademark attorney Michael Kondoudis recently. 

Per the tweet, the trademark filings for “Mercedes Benz, Mercedes, S-Class, G-Class, and Maybach” will include licenses for digital currency, NFTs, retail stores for virtual vehicle parts, and cryptocurrency trading, among others.

However, according to sources, this is not the first time Mercedes Benz entered the decentralized space. For example, Daimler South East Asia, a Mercedes-Benz Group subsidiary, announced their blockchain initiative in July. 

The group announced a data-sharing network based on blockchain technology, leveraging the Ethereum Layer-2 scalability platform Polygon to launch its product. The platform named Acentrink was designed to let businesses purchase, sell, and trade data in a decentralized setup. 

Multinational companies across the globe have been engaging with metaverse adoption since the start of this year. In April, Hyundai Motor became the first automaker to issue community-based NFTs. 

In May, McLaren Automotive collaborated with MSO LAB to develop unique, limited-edition McLaren cars NFTs. In November, Todayq News reported that Mitsubishi UFJ Financial Group (MUFG), a leading global financial services group and one of the largest banking institutions in Japan, has announced its plans to enter into the metaverse. 

The plan is being executed in collaboration with the upcoming digital platform of ANA Holdings, INC., a holding company that provides domestic and international air transportation services. As per projected figures, the forthcoming ANA Granwhale is expected to begin operations with an approximate user base of 38 million and will be operational in 2023.

Companies have been counting on metaverse to provide them with multi-faceted benefits. For example, Renault, a French manufacturer of automobiles, declared in November that it is operating an industrial metaverse of its operations, powered by many procedures that enable it to track data from all of its production lines. 

This industrial reality involves connecting production lines, keeping an eye on the entire supply chain, and controlling practically all supply flows. They also said that implementing this technology will have a significant positive impact, including projected savings of $320 million by 2025. 

Crypto Metaverse USA
Share. Facebook Twitter LinkedIn Telegram WhatsApp Reddit
Must Read

Crypto exit scams surpass DeFi exploits in May; over $45 million losses compared to $17 million

Central Banks of Hong Kong and UAE to work on Crypto regulation and fintech development

US debt ceiling bill removes the Crypto tax; receives bipartisan support

Instagram
Recently CryptoQuant, an on-chain analytics firm, published insights on Bitcoin’s supply and investor sentiment for May 2023. The firm revealed that the exchange reserves have significantly declined as the investor’s holding sentiment has continued to grow.
In a significant development for the world’s leading cryptocurrency, Bitcoin, long-term holders (LTHs) have reached an all-time high, now holding a staggering 78% of the total circulating supply.
In a recent development, Bitcoin miners have been observed moving their assets, which could potentially trigger further selling pressure if these assets are liquidated.
According to a recent report, Turkey recorded the highest growth in crypto ownership from 2021 to 2022. Reportedly the crypto ownership in Turkey has marked a splendid 27.1% increase from July-September 2021 to July-September 2022.
Company
  • About Us
  • Careers
  • Terms & Conditions
  • Privacy Policy
Products
  • Crypto Signals
  • Todayq News
  • Koinpr
  • Todayq Education
Support

Advertise

Email: news@todayq.com

Connect With Us
  • Twitter
  • Facebook
  • Instagram
  • LinkedIn
All rights reserved by Todayq Technologies Private Limited

Type above and press Enter to search. Press Esc to cancel.