Walmart Is Preparing To Enter The Metaverse – This is Good News For Dogecoin and Crypto Market
It appears that retailing giant Walmart is preparing to enter the Metaverse, an NFTs. According to their patent filings, the company is now planning to create its own NFTs collection.
Furthermore, the filings reveal that Walmart intends to create and sell virtual goods such as electronics, toys, appliances, apparel, and home decoration.
Walmart’s entry into the Metaverse, NFTs, and the overall crypto space will benefit Dogecoin
There is also mention of digital tokens and the ability to buy and sell NFTs. And this is not the case. We also know that Walmart posted a job posting in August 2021, looking for an experienced crypto expert to develop and drive an ambitious crypto strategy and product roadmap.
At the same time, Walmart hinted at the focus of its future crypto strategy by noting that it already offers a diverse range of payment options to its customers and is constantly investigating how emerging technologies may shape future shopping experiences.
So this is very good news because when Walmart’s entry into the Metaverse, NFTs, and the overall crypto space will benefit Dogecoin. This is due to the fact that if Walmart enters the metaverse space for shopping, it will have to use cryptocurrency for payment transactions.
Tesla has already accepted Dogecoin, so it will serve as a model for other companies such as Wal-Mart
And we already know that Dogecoin is the best cryptocurrency for payments. We know Tesla has already accepted Dogecoin, so it will serve as a model for other companies such as Walmart. As a result, this will be a significant development for Dogecoin and the wider crypto community.
Another important point to note here is that Walmart will also launch its NFT collection, and Walmart’s entry into the NFT space is beneficial to Dogecoin and its holders because we know that a DOGE developer minted the first ever NFT on the Dogecoin blockchain.
So the point is that NFTs have recently gained traction in the blockchain space. And now that Walmart has entered the market, its adoption will skyrocket. And, as we all know, Dogecoin has also entered this market. It is unlikely that companies like Walmart will use DOGE for their NFT initiatives.
This is due to the fact that we already know that the cost of minting NFT on leading blockchains such as Ethereum is quite high due to their extremely high gas fees. The cost of minting the NFT on Dogecoin was 0.0018 dollars, which is significantly less than the cost of minting the NFT on Ethereum.
This means that Dogecoin will now revolutionize the NFTs, and we will see NFT without expensive gas fees and lower energy consumption as a result of Dogecoin. And it is for this reason that companies such as Wal-Mart will be interested in Dogecoin.