Ford is going to enter the Metaverse with their virtual automobiles and NFTs
According to reports, Ford, one of the most well-known and prominent automakers, will join the Metaverse with its virtual cars and non-fungible tokens. The United States Patent and Trade Office, also known as the USPTO, license trademark attorney Mr. Kondoudis reported the previous day that the Ford business has submitted roughly 19 trademark applications that cover its automobile names, including Lincoln, Explorer, and many more. Some of the other things that are part of the trademark registration are a planned online market for NFTs, virtual vehicles, SUVs, clothing, and vans.
The attorney, Mr. Kondoudis, tweeted a lot of information on Ford’s entrance into the metaverse. According to the paperwork filed by Ford intends to create downloadable artworks, texts, audio files, and movies showing their automobiles and other vehicles, which will be verified by the NFTs and be able to be traded, according to the paperwork.
Ford also disclosed plans to offer computer applications that include car parts and other accessories that you may use in the virtual world as downloadable virtual products. Additionally, you can use these elements to plan some virtual trade shows. With the help of a website and other retail shop services like NFTs and other digital collector items, it is now known that Ford used this as a way to create a reliable and large market for advertising all the digital artworks of others.
Ford made the decision to enter the WEB3 area, or metaverse, less than a month after Ford CEO Mr. Farley announced the company had made significant personnel reductions across the board in order to save money and increase profits. But more people than just businesses are relocating to the Web3 space. Nissan, Hyundai, and numerous other businesses have made announcements about their intentions to enter the rapidly expanding metaverse market as soon as feasible. On the other hand, several businesses, like Lamborgini and Bentley, have already launched their NFT collections.