Fidelity plans to market NFT and financial services into the metaverse

  • Fidelity Investments has filed trademark applications in the United States for a variety of Web 3.0 services.
  • Metaverse-based payment services such as electronic bill payments, money transfers, and account management are also available on the cards.

Fidelity Investments, a US asset management firm, has filed US trademark applications for a variety of Web3 products and services, including the non-fungible token (NFT) market as well as financial investment and cryptocurrency trading services in the metaverse.

Mike Kondodis, a licensed trademark attorney, shared the information on Twitter. Details are contained in three trademark applications filed with the United States Patent and Trademark Office (USPTO) on December 21.

The metaverse appears to be one of the main areas of focus for the company, as Fidelity reports that it may offer a variety of investment services in virtual worlds, such as mutual funds, pension funds, investment management, and financial planning.

Metaverse-based payment services such as electronic bill payments, money transfers, and account management are also available on the cards.

The service expands in the middle of the cryptocurrency winter

The company can provide trading and management services in the metaverse, as well as virtual currency wallet services. E-wallet services include storing and processing electronic payments and transactions over a global computer network, i.e. virtual currencies and cryptocurrencies.

Fidelity also plans to provide business information to financial service providers in the field of business marketing and financial planning in virtual and other virtual worlds, and referral services in the field of investment advice.

Furthermore, Fidelity suggests that it can offer educational services in the metaverse in the form of classes, workshops, seminars, and conferences in the areas of financial services trading and marketing.

Fidelity also plans to launch an online marketplace for buyers and sellers of non-fungible tokens (NFTs), though we’re still waiting for more details on any of those.

It seems that Fidelity has not been affected by the bearish trend in the cryptocurrency market this year after the FTX crash. Instead, they want to increase their exposure and reach in Web 3.0.

According to reports in October, Fidelity wanted to further develop its crypto operations by hiring 100 new employees. This is in stark contrast to a slew of crypto companies that have laid off a large number of employees this year.

Leave a Reply

Your email address will not be published. Required fields are marked *