Walmart intends to launch its own cryptocurrency as well as a collection of non-fungible tokens (NFTs)

<p>Walmart, the world's largest corporation by revenue, appears to be preparing for a foray into the world of crypto and non-fungible tokens (NFTs). In addition, the company is laying the groundwork for its own cryptocurrency to compete with the likes of Bitcoin and Ethereum.</p> <p>Walmart Is Getting Ready For The Metaverse</p> <p>Walmart could be the next major corporation to enter the Metaverse.</p> <p>According to a CNBC report from January 16, the company has filed several requests with the United States Patent and Trademark Office for virtual goods such as electronics, skincare products, and toys, among other things.</p> <p>The seven filings were made late last month, and according to one trademark lawyer, Josh Gerben, Walmart has put a lot of effort into its Metaverse moves. "They're ferocious. There's a lot of language in these, indicating that there's a lot of planning going on behind the scenes about how they're going to address cryptocurrency, how they're going to address the metaverse and the virtual world that appears to be coming or is already here," Gerben told CNBC.</p> <p>According to one of the filings, Walmart intends to launch its own cryptocurrency. While no official statement has been issued, Walmart's entry into crypto and NFTs should come as no surprise. The company advertised a position for a cryptocurrency and blockchain lead in August.</p> <p>Later that month, the retail behemoth installed bitcoin ATMs in dozens of its US locations. This came to light shortly after Walmart became embroiled in a vicious pump-and-dump scheme. As previously reported by ZyCrypto, a press release referencing a partnership between Walmart and the Litecoin Foundation surfaced online, causing the price of LTC to skyrocket. However, after the mega-corporation confirmed that the announcement was all a hoax, the stock plummeted.</p> <p>The Vibrant NFT Market</p> <p>Over the last year, the NFT market has rapidly matured and expanded, with multiple big-name brands making big bets on tokenizable digital colle