Unveiling Mercedes-Benz's Plans for the Metavers and Encryption Partnership

 

Unveiling Mercedes

Benz's Plans for the Metavers and Encryption Partnership

The adoption of MetaVers by multinational companies around the world has become a relatively popular trend.

The German Mercedes-Benz multinational automotive group is moving towards digital space with non-replaceable codes (NFTs) and Metavers.

Deposited with US and USPTO about a week ago

However, it was revealed in a tweet by NFT and licensed trademark lawyer Michael Condodes recently.

According to the tweet

Mercedes Benz, Mercedes

S-Class :

G-Class and Maybach

1. brand filings will include licenses for digital currency
2. NFTs and retail stores for virtual vehicle parts
3. and cryptocurrency trading, among others.

However :

according to sources

this is not the first time Mercedes-Benz has entered decentralized space.

For example

Daimler South East Asia

a subsidiary of Mercedes-Benz Group

announced its blockchain initiative in July.

The group announced a data-sharing network based on blockchain technology, making use of Ethereum's expandable Polygon platform Layer-2 to launch its product.

• The platform called Acentrink is designed to

• allow companies to buy, sell and trade data in a decentralized setting.

Multinational companies around the world have been involved in adopting MetaVers since the beginning of this year.

In April :

Hyundai Motor became the first automaker to export community NFTs.

In May :

• McLaren Automotive collaborated with

• MSO LAB to develop unique and limited-edition NFT vehicles.

In November :

Todayq News reported that Mitsubishi UFJ Financial Group (MUFG)

It is a leading global financial services group and one of Japan's largest banking institutions, which has announced plans to enter Metaverse.

The plan is :

being implemented in collaboration with ANA Holdings

INC's upcoming digital platform. international air transport

a holding company providing domestic and international air transport services.

According to expected figures :

Next ANA Granwhale is expected to start operations with an approximate user base of 38 million and will be operational in 2023.

Companies were relying on Metavers to provide them with multifaceted benefits.

For example

Renault :

a French automotive manufacturer, announced

In November it operates a major industrial zone for its operations, supported by several procedures that enable it to track data from all its production lines.

This industrial reality involves linking production lines, monitoring the entire supply chain and controlling practically all supply flows.

They also said that the application of ICT would have a significant positive impact, including projected savings of $320 million by 2025.

Definition of NFT

NFT is a unit of data stored in a record

1. which is mapped against (block chain)
2. can be associated with (block chain)
3. NFT can be associated with a specific digital

or physical asset (such as a file or physical object).

NFTs (and the associated license

copy or display of the underlying asset) can be traded and sold on digital markets.