Fidelity plans NFT marketplace and financial services in the Metaverse
$4.2 trillion asset management firm Fidelity Investments has filed trademark applications in the United States for a host of Web3 products and services, including a non-fungible token (NFT) marketplace and financial investment and crypto trading services in the metaverse.
This is according to three trademark filings submitted to the United States Patent Trademark Office (USPTO) on Dec. 21, of which was also highlighted by licensed trademark attorney Mike Kondoudis in a Dec. 27 tweet.
#Fidelity has plans for the metaverse!The company has filed 3 trademark applications covering▶️ NFTs + NFT Marketplaces▶️ Metaverse Investment Services▶️ Virtual Real Estate Investing▶️ Cryptocurrency Trading ... and more!#NFTs #Metaverse #Crypto #Web3 #Defi #Finance pic.twitter.com/op9fg80e7z
One of the key areas of the firm’s focus appears to be the Metaverse, with Fidelity indicating that it could offer a wide range of investment services within virtual worlds including mutual funds, retirement funds, investment management and financial planning to name a few.
It also appears that metaverse-based payment services could be in the works, including electronic bill payments, fund transfers and the “financial administration of credit card accounts in the metaverse and other virtual worlds.”
In terms of crypto, the filings indicate that the firm could also launch trading and management services in the Metaverse, along with providing virtual currency wallet services.
“Electronic wallet services in the nature of electronic storage and processing of virtual currency for electronic payments and transactions via a global computer network; digital currency, virtual currency, cryptocurrency digital token,” the filing reads.
Additionally, Fidelity
Read more on cointelegraph.com
