Fidelity plans NFT marketplace and financial services in metaverse

• Fidelity Investments has filed trademark applications in the US for a number of Web 3.0 services.
• Metaverse-based payment services such as electronic bill payments, money transfers and credit card account management are also on the cards.

Fidelity Investments, an American asset management firm, has filed US trademark applications for a range of Web3 products and services, including a non-fungible token (NFT) marketplace as well as financial investment and crypto trading services in the metaverse.

Mike Kondoudis, a licensed trademark attorney, shared the information on Twitter. The details are contained in three trademark filings sent to the United States Patent and Trademark Office (USPTO) on December 21.

One of the firm’s primary areas of focus appears to be the metaverse, with Fidelity indicating that it may offer a range of investment services within virtual worlds, such as mutual funds, pension funds, investment management and financial planning.

Metaverse-based payment services such as electronic bill payments, money transfers and credit card account management are also on the cards.

Service expansion in the middle of crypto winter

The company can offer trading and administration services in the metaverse, in addition to virtual currency wallet services. E-wallet services include the storage and processing of electronic payments and transactions over a global computer network, i.e. virtual currency and cryptocurrency tokens.

Fidelity also plans to offer financial service providers business information in business marketing and financial planning in the metaverse and other virtual worlds, referral services in investment advisory.

Furthermore, Fidelity proposes that they can offer educational services in the metaverse in the form of classes, workshops, seminars and conferences in trading and marketing of financial services.

Fidelity also plans to launch an online marketplace for buyers and sellers of non-fungible tokens (NFTs), although we’re still waiting for further details, if any.

Fidelity does not seem to be affected by the bearish trend in the crypto market this year after FTX’s collapse. It is instead looking to increase exposure and offers in Web 3.0.

According to reports in October, Fidelity was looking to boost its crypto operations by hiring 100 new employees. This is in stark contrast to a large number of crypto firms that have laid off a significant amount of staff this year.