Donald Trump-Linked Firm May be Looking to Start NFT and Metaverse Platform

DTTM Operations, an organization that manages U.S. President Donald Trump’s IP rights, filed a trademark with the U.S. Patent and Trademark Office (USPTO) which could trace at potential non-fungible tokens (NFTs) and metaverse platform.

The doc lists numerous merchandise associated to blockchain-based items and providers, together with accessing NFTs, managing cryptocurrency transactions, digital actuality software program and {hardware} and recreation software program that includes crypto tokens to be used in on-line digital worlds. The submitting standing says the appliance has been accepted by the workplace and is awaiting an examiner.

Metaverse, which turned a hype through the 2021 bull run and was embraced and later dropped by many big-name manufacturers, together with bit-tech and celebrities, refers to a digital actuality world the place people can work together with one another in a digital world that is past their bodily and geographical boundaries.

Read extra: Everything You Always Wanted to Know About the Metaverse (however Were Afraid to Ask)

While the character of the submitting does not straight say what the platform is or when it’s going to launch, it does point out the inclusion of assorted collectibles of Trump. “Computer services, namely, creating an on-line virtual environment for exchange of digital collectibles featuring images, sound, videos and texts of Donald J Trump,” the submitting mentioned.

Trump has ushered in a friendlier crypto administration, which noticed the President launching his personal TRUMP memecoin and a promise of constructing bitcoin the reserve forex of the U.S. He has additionally launched his personal NFTs, a few of which, other than being collectibles, allowed few homeowners to entry to Trump sneakers, Trump cocktails and dinner at Trump National Golf Club in Jupiter, Florida, with Trump.

Read extra: Trump Releases Fourth Drop of His NFT Trading Cards

This transfer, if it comes to fruition, may breathe some life into metaverse-related tokens corresponding to Sandbox (SAND) and Decentraland (MANA), which had been hurting as metaverse demand has largely evaporated for the reason that 2021 hype. However, it’s going to all depend upon how Trump’s agency decides to launch this platform or if it will get rolled out in any respect since submitting a trademark does not all the time imply a product will launch.