Walmart plans to enter Metaverse space, roll out its own cryptocurrency, NFTs

April 19, 2022

Metaverse has now made significant headlines with its immersive characteristics that it didn’t take long for the common man to fully embrace it. With millions of active participants in the virtual reality world, the platform has witnessed a substantial flow of admiration from all the stakeholders. Metaverse continues to make inroads into the personal lives of millions as it continues to deliver an unprecedented experience to the users worldwide. It was only a matter of time before prominent players like Walmart not only embraced the new transition but also got exposed to the unfathomable pool of opportunities that Metaverse had in store for them. will explore such developments pertaining to Metaverse and what users can look forward to.

The expected market of Metaverse is expected to cross the $6.2 billion milestone quite easily as transactions continue to proliferate. The AR/VR stakeholders such as Meta (formerly Facebook) have doubled their efforts to deliver an immersive experience to the users worldwide.

Redefined Shopping Experience Through Walmart

Walmart has always been in the mainstream news for many reasons in the past but the recent developments coined by the retail giant certainly came out of nowhere. The widely renowned retail store is currently under constant deliberations to roll out its unique version of cryptocurrency and NFTs, i.e., Non-Fungible Tokens. The idea was already in the works to introduce Walmart’s digital assets & NFTs which is now currently being materialized with full potential. Walmart is ready to execute the online transactions by selling virtual goods. Such goods will range from electronics, toys, home decorations, personal care commodities, sporting goods and many more.

Unabated Flow of Disruptive Technology Tends to Attract Stakeholders

The company made major announcements regarding its latest endeavor by observing the unabated growth that technology has made in the last decade. Users will now be able to use NFTs and digital assets, i.e., Virtual Currencies whenever they make transactions with the company. Metaverse has unleashed a swarm of opportunities for ever-expanding companies like Walmart and you can look forward to many other companies boarding the bandwagon of cryptocurrency in near future. The indelible imprint that the emerging technologies tend to leave on the companies is very well manifested through their digital assets and NFTs. The state-of-the-art shopping experience that customers are leveraging is bound to spread across countries as Walmart continues to embrace disruptive technologies.

Ideas That Eventually Make the Difference

The future seems secured when it comes to delivering a one-of-a-kind shopping experiences to the Walmart customers. The work has always been in progress at Walmart and new ideas are constantly being tested throughout the course of the year to figure out the most seamless solution for the problems that customers usually come across. Such ideas eventually become the final products, commodities, or services that fulfill the needs of the customers in one way or the other.

On the other hand, some other ideas that don’t end up being incorporated in the final output are rather seen as the lessons to learn from. In addition to all the latest information garnered from the Walmart sources, there is also a constant buzz around the physical fitness services that the company aims to provide. Such services will be provided to the customers in the form of training and other imperative fields of services will also be explored.

Fields to Tap Into

The prominent field of nutrition & health in the form of AR/VR environments will also be taken into account. Walmart seems to be a trailblazer in adopting the emerging technologies which are now being emulated by other prominent players of the industry like Nike. The company recently announced that it will be dealing in virtual sneakers with the introduction of its respective NFTs. Walmart, however, has been vocal about their Metaverse plans since the beginning and aims to streamline their processes, activities & business operations with the advent of Metaverse. Adidas is yet another prominent company that has successfully traded in this domain by selling over $22 million in the form of Non-Fungible Tokens.


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