Fidelity Ventures Into the Metaverse and NFT Marketplace

  1. Fidelity plans NFT marketplace and financial services in the metaverse.
  2. The topics include NFTs, metaverse, and cryptocurrency trading.
  3. The crypto platform will be much more reliable than any other company.

Fidelity, a $9.6 trillion wealth manager, has taken a step by filing three trademark applications related to the provision of services in the metaverse. According to the papers submitted, the business also intends to provide its traditional financial services in multiple virtual worlds.

The business has reportedly filed a slew of trademark applications, with topics including non-fungible tokens (NFTs). NFT markets, metaverse investment possibilities, digital real estate investments, and cryptocurrency trading, as reported by trademark attorney Mike Kondoudis are not exceptional.

Fidelity also discusses potential chances for education and growth in the Metaverse. This may include hosting a variety of informative events and meetings centered on the topic of investments and the marketing of financial services.

The investment manager has hinted that NFTs may be used to build an “online marketplace for buyers and sellers of digital material,” but specifics are few.

On the cryptocurrency`s hand, the filing says;

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.

As a result of these changes, the crypto platform will be much more reliable than any other company. It’s also fantastic news for the company amid the severe bear market of 2022 and the recent FTX crash. The company started up a waiting list in November for its retail-focused bitcoin product Fidelity Crypto.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer