(NewsNation now) — Walmart is heading to the metaverse. The retail giant has filed several trademarks in recent weeks that suggest it will soon start selling virtual goods, from toys to electronics, as well as introducing cryptocurrency and the ability to buy and to sell non-fungible tokens.

In a statement, Walmart said it was “continuously exploring how emerging technologies could shape future shopping experiences.” He declined to comment on specific trademark filings.

Non-fungible tokens, known as NFTs, are electronic identifiers that confirm digital collectibles are real by recording the details on a digital ledger called a blockchain. Tokens are part of the virtual reality space and cannot be traded, as they are one of a kind. They are used to prove that an object is one of a kind and aim to solve a central problem of digital collectibles: how to claim ownership of something that can be duplicated easily and endlessly.

“The way you buy things on the blockchain is through cryptocurrencies,” said Smart Money Guy Matt Sapaula on NewsNation’s “Morning in America.” “Online coins are used to purchase the non-fungible token, which is traded through the blockchain.”

The main difference between NFTs and cryptocurrencies is that currencies allow fungible trading, which means anyone can create bitcoins that can be exchanged for other bitcoins. NFTs are by definition non-fungible and are deployed as individual chains of ownership to track a specific asset. NFTs are designed to uniquely restrict and represent a single claim on an asset.

Sapaula said the value of NFTs is set by the original seller. Any digital asset like music, art, and even tweets can be an NFT. Twitter CEO Jack Dorsey sold a digital version of his first tweet for over $2.9 million.

Sapaula said the pandemic has boosted interest in the virtual market. He predicts that more companies will get into selling and creating digital items.

“The pandemic has accelerated the online virtual world because currently the virtual goods economy is $38-39 million and is expected to reach hundreds of millions by 2025,” Sapaula said.

“There are two worlds being created right now, our physical world, which is eternal, and then there’s this virtual world being created with this metaverse, and those two worlds are starting to come together.” he added.

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