Fidelity explores opportunities in the metaverse, plans to launch NFT marketplaces and virtual properties ⋆ ZyCrypto

• Fidelity files three trademark applications, and dives into the metaverse with huge plans.
• The firm leverages key areas such as virtual real estate investing, NFT trading and marketplace services.
• Fidelity’s faith in digital assets has not wavered even after the implosion of FTX, with the firm poised to make more of an impact in the sector.

Investment giant Fidelity is set to make inroads into the metaverse as its latest effort in developing web3 to the delight of metaverse users.

The firm filed three trademark applications in the US covering a range of web3 products and services, including virtual real estate investing, cryptocurrency trading and NFT marketplaces, among others. The investment giant’s latest move has kept users happy as they wait for the deals in the metaverse.

According to the registrations, the company is also looking at investment services for equity and pension funds in the metaverse. Another area is the provision of educational services and several conferences in digital reality platforms.

“conducting classes, workshops, seminars and conferences in the field of investments and in the field of marketing financial services in the metaverse and other virtual worlds. read the archive.

A metaverse electronic payment will also be rolled out as the filing states, “financial management of credit card accounts in the metaverse and other virtual worlds.”

Digital asset trading services in the metaverse will include NFTs, cryptocurrencies and electronic wallet services along with a virtual real estate financial management advisory service and referral 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, digital token for cryptocurrency.”

Fidelity’s digital asset drive

Fidelity Investments’ push into cryptocurrencies this year has been nothing short of excellent despite the heavy criticism from some lawmakers of its recent crypto offering and the market downturn. In April, the firm announced plans to offer companies and their employees access to Bitcoin (BTC) in their 401(k) retirement accounts.

The investment company also launched Fidelity Crypto, a service that allows retail investors to trade Ethereum (ETH) and BTC at zero fees from their phones. In October, the company boosted its digital assets division by hiring 100 employees instead of other top firms laying off employees.