Facebook (now Meta) has applied for a trademark that will enable its logo to be used for virtual exchange and crypto tokens. The firm is making the move as it intends to extend its operations to virtual products and services, building an ecosystem around its Metaverse in the process.

If approved, the trademark application will also be used for virtual currency exchange, virtual currency wallets, Bitcoin software, financial trading, as well as currency trading. The application, which is for 8 trademarks, was made by Michael Kondoudis, Meta’s NFT trading and Metaverse Attorney.

The application has since been submitted to the U.S. Patent and Trademark Office on March 18. However, Meta has not officially announced the development as of the time of writing. The only publicly available detail about the application came from a press release from ExpertClikc and Kondoudis’ tweet.

Meta Shows More Interest In The Metaverse Ecosystem

Since rebranding from Facebook, Meta has paid more attention to Metaverse, creating a functional ecosystem around it. While explaining the company’s recent rebranding move, Meta said the plan is to own the Metaverse, which is still under development.

Mr. Kondoudis, while commenting on the development, stated that the company is very serious about moving to the metaverse. The move also proves that Meta wants to make s difference within the virtual world and has put plans in place to make it possible. Kondoudis added that the trademark filings will spur interest from everyone, including those in the financial sector.

Meta To Use Its Logo On Several Digital Asset Businesses

If the eight applications are approved, it will allow Meta to use its logo on several digital asset trading businesses, as mentioned above. Also, regardless of the popularity of the word “metaverse” in the future, it will give Meta the sole right to use the “Meta” logo anywhere.

Although Meta has not officially announced the trademark application, it indicates the level of interest the company is having for the metaverse ecosystem. The applications show that a serious plan is ongoing for Meta’s launch of its token and virtual exchange.