Fidelity Plans To Introduce NFT Marketplace And Financial Services In The Metaverse

December 27, 2022

Fidelity Envisions NFT Marketplace And Metaverse Financial Services

The investment giant Fidelity Investments has applied for trademark applications in the United States for hosting Web 3 products and services, including Non Fungible Tokens (NFTs) marketplace, financial investment, and crypto trading services in the metaverse.

The recently filed trademark application entails an extended list of all possible business aspects of the firm in the metaverse. Majorly the firm’s application talked about Fidelity’s plans to offer investment services in the virtual world, such as investment management and financial planning alongside launching mutual funds and other investment products.

Alongside, the reports from Cointelegraph suggest that Fidelity might come up with metaverse–based payment services, including electricity bill payment, fund transfer, financial administration of credit card accounts, and other such services.

Talking about cryptocurrencies, the filings suggest that firm could possibly launch trading and management services along with virtual currency wallet services. As the application talked about Electronic wallet services that will facilitate the electronic storage and processing of virtual currency to support electronic transactions through a global computer network.

Fidelity also hints towards offering educational services in the metaverse such as conducting classes, workshops, seminars, and conferences in the field of investment and financial services. Furthermore, NFTs are also there in Fidelity’s plans and could be launched on an online marketplace.

These latest reports from Fidelity indicate that firm is least affected by the intense bear market and implosion of FTX. The company stayed consistent with providing operational excellence in its area of expertise but this time by offering financial services in the Web 3.0 ecosystem i.e. Metaverse.

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