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Meta Applies for Trademark Registration in Brazil for Crypto-Related Services – BeInCrypto

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Meta filed for trademark registration in Brazil to offer various cryptocurrency related services.
The trademark registration was filed on Jan. 25, 2021
Meta continues to take cautious steps into the cryptocurrency world, following the failure of Diem.
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Meta has applied for trademark registration in Brazil that would allow the social media platform to design, develop, and provide hardware/software for a variety of crypto-related services.

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Meta, formerly known as Facebook, has filed a trademark registration in Brazil that would allow the world’s largest social media platform to position itself as a designer, developer, and provider of hardware and software for bitcoin and crypto-related services.

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The application, filed with the Brazilian National Institute of Industrial Property (INPI) on October 5, 2021, is currently awaiting for INPI approval. Meta published the application for registration earlier this week. From what has been made publicly available, it appears the trademark filing would cover activities involving crypto trading, wallets, and exchanges.
Since Facebook rebranded to Meta, the social media conglomerate has shifted its attention to Web3 and the Metaverse, hoping to overcome its previous challenges in trying to create a mainstream stablecoin.
As of a few days ago, we learned that Meta has chosen to abandon the Diem project, where the company would be selling Diem to return capital to investors and paying the engineers who had previously worked on the project. Diem was also reportedly talking with investment bankers about selling the intellectual property and finding positions for these engineers who did spend considerable time on the project. The mission of it was to create a DLT-based stablecoin, choosing to concentrate its efforts on building out its own metaverse – incorporating its own crypto-related services within it.
Meta recently announced that it would allow the creation and showcasing of NFTs on Instagram and launch an NFT marketplace on Facebook. These initiatives could help onboard many users onto the NFT bandwagon. The NFT play could form part of an early foray into the metaverse.
Meta CEO, Mark Zuckerberg believes that “NFTs could eventually support this world.”
As for tech giants Apple and Microsoft, who have also expressed interest in the metaverse, we see both CEOs expressing their support for the metaverse.
Earlier this month, Microsoft purchased Activision Blizzard for $69 billion in a push toward the metaverse. “Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” said Microsoft CEO Satya Nadella after the acquisition.
Apple’s CEO Tim Cook previously expressed that the company definitely sees potential in the metaverse – which is supported by the company’s 14,000+ augmented-reality apps on its App Store through its programming interface, AR-Kit.
Cook has said that Apple’s research and development is focused on the intersection of hardware, software, and services. It seems likely that any Apple metaverse project will be a closed system, raising questions about how it would play with any other metaverse projects or digital assets.
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Meta's losses show the metaverse's costly risk – Insider Intelligence

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Facebook parent Meta launches startup accelerator with India’s IT ministry in metaverse push – TechCrunch

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Meta Platforms is looking at India’s burgeoning startup ecosystem as it bolsters its bet on the metaverse. The social juggernaut has partnered with the Indian IT Ministry’s startup hub to launch an accelerator in the country to broaden innovation in emerging technologies, including augmented reality and virtual reality, officials said Tuesday.
MeitY Startup Hub and Meta’s effort, called XR Startup Program, will work with 40 early-stage startups and help them in research and development and developing workable products and services. Each startup will also receive a grant of over $25,000, the American giant said.
The program, supported by Meta’s $50 million XR Programs and Research Fund, will initially hand pick 80 startups to attend a bootcamp. It will also help startups with finding customers, inking relationships and raising funds, Meta said.
Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development and Entrepreneurship, said the program is especially aimed at helping encourage technology innovation in smaller cities and towns.
The XR Startup Program is the latest of Meta’s growing participation in the South Asian market’s upskilling efforts. The firm, whose Facebook and WhatsApp services identify India as their largest market by users, partnered with Central Board of Secondary Education, a government body that oversees education in private and public schools in the country, to launch a certified curriculum on digital safety and online well-being, and augmented reality for students and educators in the country.
The program — to be implemented by four Indian institutions, including IIT Delhi — will also host a “grand challenge” for innovation in categories including education, healthcare, entertainment, agritech, climate action, sustainability and tourism, the American giant said.
“India will play a pivotal role in defining future technologies. Decisions and investments made here in India now shape global discussions on how technology can deliver more economic opportunity and better outcomes for people. It is critical that we help to create an ecosystem that will enable India’s tech startups and innovators to build the foundations of the metaverse,” said Joel Kaplan, VP of Global Policy at Meta, in a statement.
Meta’s interest with working with startups in India is also not newly found. The company has backed three startups in the country, including social commerce platform Meesho and online education group Unacademy.
3 views: Is the metaverse for work or play?

“India’s rapid tech adoption combined with a vast pool of tech talent puts the country in a vantage position for shaping the future of the internet,” said Ajit Mohan, VP and MD of Facebook India, in a statement.
“For this future to be equitable, it will require active participation from all stakeholders, including developers, businesses, creators, policymakers, and entrepreneurs. We are excited to collaborate with MeitY Startup Hub and hope that the XR Startup Program will act as a catalyst to unlock the use of immersive technology across sectors like education, healthcare, agritech and tourism, not only in India but across the globe.”

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WHAT IS QUILVIUS (QVUI)? LET'S EXPLORE THIS UPCOMING METAVERSE CRYPTO PROJECT – Asianet Newsable

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WHAT IS QUILVIUS (QVUI)? LET’S EXPLORE THIS UPCOMING METAVERSE CRYPTO PROJECT  Asianet Newsable
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