UPS enters the meta-village market with virtual delivery services

UPS enters the meta-village market with virtual delivery services

Mike Kondoudis, the company’s patent and trademark attorney, announced the news in a tweet. He said UPS plans to protect its rights when it provides services in the meta-villages. UPS plans to offer its own collectible NFT, NFT-enabled multimedia, provide virtual retail delivery services, create marketplaces for NFT-enabled digital goods and media, and retail virtual goods stores.

“UPS is a global delivery brand and the value of its trademarks is significant. These documents are a logical step to protect the UPS brand as it enters the meta universe”, Condoudis said.

The UPS attorney noted that these patent applications could trigger a wave of similar applications from other shipping, logistics and parcel delivery companies.

“We expect the number of trademark applications in the form of NFTs and virtual products and services from the delivery sector to increase in the next 12 months as brands realize the need to protect rights in the meta-villages”, Kondoulis said.

Mastercard Payment System recently filed applications with the U.S. Patent and Trademark Office (USPTO) related to the registration of the Mastercard and Priceless brands for e-commerce services in metacommerce.

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Written by Renat
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