- Fidelity filed three trademark applications and delved into the metaverse with huge plans.
- The company leverages key areas such as virtual real estate investment, NFT trading, and market services.
- Fidelity’s belief in digital assets hasn’t wavered since the demise of FTX, and the company is poised to have more impact in the space.
Investment giant Fidelity will be making its forays into the Metaverse as its latest effort in developing web3 to delight Metaverse users.
The company has filed three trademark applications in the US covering a number of web3 products and services, including virtual real estate investments, cryptocurrency trading, and NFT marketplaces. The investment giant’s latest move has users eagerly awaiting its offering in the Metaverse.
by filing, the company is also exploring investment services for mutual and retirement funds in the Metaverse. Another area is the provision of educational services and multiple conferences on digital reality platforms.
“We hold classes, workshops, seminars and conferences in the Metaverse and other virtual worlds in the areas of investment and marketing of financial services. ” Please read the filing.
Metaverse electronic payments will also be rolled out, as the filing states.Financial management of credit card accounts in the metaverse and other virtual worlds. ”
Metaverse’s digital asset trading services will include NFT, cryptocurrency, and e-wallet services, as well as financial management advisory services for virtual real estate and referral services.
“Electronic wallet services in the nature of electronic storage and processing of virtual currencies for electronic payments and transactions over global computer networks. Digital currencies, virtual currencies and digital tokens of cryptocurrencies.”
Fidelity Digital Asset Advancement
Fidelity Investments’ crypto efforts this year have been impressive despite heavy criticism from some legislators over the recent crypto offering and market downturn. In April, the company announced plans to allow businesses and their employees to access Bitcoin (BTC) in their 401(k) retirement accounts.
The investment firm also launched Fidelity Crypto, a service that allows retail investors to trade Ethereum (ETH) and BTC from their mobile phones for free. In October, the company expanded its digital assets division by hiring 100 employees instead of laying off staff at other top companies.