Fidelity files trademark applications for the NFT marketplace
Despite the heat of the bear market, adoption did not take a back seat in the crypto industry. Throughout the year, prominent firms have made major moves in the crypto market. Fidelity, one of the largest brokerages in the world, rolled out commission-free crypto trading for its retail investors. Time and again, the firm was seen embracing Bitcoin. Now Fidelity is turning its focus from Bitcoin to NFTs.
According to a recent trademark application filed in the US, Fidelity Investments is gearing up to launch a range of Web3 products and services. This application also mentioned a non-fungible token [NFT] marketplace along with crypto trading services in the metaverse.
Licensed trademark attorney Mike Kondoudis took to Twitter to reveal that three trademark registrations were submitted to the United States Patent and Trademark Office [USPTO]. It should be noted that these applications from Fidelity were sent back on 21 December 2022.
NFTs have been at their lowest for quite some time. The fervor surrounding NFTs propelled large platforms into space. Unfortunately with the arrival of the bear market the NFT space simmered down. Rather surprisingly, Fidelity was seen diving into space.
In its application, the firm revealed that it would roll out one “online marketplace for buyers and sellers of digital media, namely non-fungible tokens.”
This further highlighted that NFTs were still relevant and could be a prominent investment.
Allegiance to take a leap into the Metaverse
Fidelity is further interested in developing Metaverse, as you can see in the tweet above. The platform wants to offer a range of investment services in Metaverse. It involves bringing into the virtual world real investment services such as mutual funds, pension funds, investment management and financial planning.
In addition, Fidelity is also expected to introduce a payment mechanism based on the metaverse. This service may include electronic bill payments, money transfers and financial management of credit card accounts in the metaverse along with other virtual worlds.
Furthermore, Fidelity’s Web3 interest was not limited to Metaverse and NFT alone. The application noted that educational services would be conducted in Metaverse. Classes, workshops, seminars as well as conferences related to investments and financial services are expected to take place.
