Last week, Facebook, now known as Meta, filed eight trademark applications for new features like criptocurrency wallets, exchanges, and token related to its logo.
Six of the eight trademark filings are for products that the company is investing in.
The company is considering offering NFTs on Instagram through digital avatars on the social network platform.
In February, Meta lost a historic $250 billion in a 24 hour period when it reported a decrease in daily active users. Meta said that it might have to pay $10 billion a year because of the changes, as the company's advertising operations were impacted by Apple's privacy changes.
Meta also registered a trademark in Brazil for work onBitcoin and other criptocurrency assets at the end of January.
In December of last year, Meta inked a $60 million deal to acquire U.S. regional bank Meta Financial Group's trademark assets. The company now has worldwide rights to the company's names in exchange for cash.