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Step aside, luxury retail: Walmart is entering the metaverse

The biggest retailer in the world, Walmart, has reportedly filed several trademark applications that suggest it plans to create its own cryptocurrency and collection of nonfungible tokens, or NFTs. The filings, reported by CNBC earlier this week, have been described as Walmart’s first step into the metaverse, the idea that, in future, we will spend more of our everyday lives inside of virtual and augmented realities and will need more virtual goods, such as clothing, as a result. It makes sens