Business News Report
December 27, 2022

Fidelity plans to release NFT marketplace and offer financial services in the metaverse

In Brief

Fidelity seeks to trademark Web3 services and products, including crypto-related financial services in the metaverse and a potential NFT marketplace.

The investment firm targets mutual funds and retirement fund investment services and wants to offer education in the metaverse.

fidelity metaverse

Boston-based finance firm Fidelity Investments has filed trademark applications for Web3 products and services, including an NFT marketplace and a cryptocurrency trading platform in the metaverse.

The $4.5 trillion asset management company filed the trademarks 97727409, 97727473, and 97727439 with the United States Patent and Trademark Office (USPTO) on December 21. The patent applications focus on NFT trading, featuring textual and graphic content, and providing financial services in the virtual world.

In the metaverse, Fidelity wants to provide payment services such as electronic bill payments, digital real estate investing, fund transfers, investment advice, financial planning, and credit card account management. The filings also target investment services for mutual funds and retirement fund investment services in the virtual space.

In addition, Fidelity aims to educate the audience about financial investments through metaverse-based classes, workshops, seminars, and conferences. The finance company has already released its immersive educational metaverse experience in Decentraland, titled “The Fidelity Stack.”

Last month, Fidelity announced an early-access waitlist for its new crypto service, Fidelity Crypto, which allows retail investors to trade Bitcoin and Ethereum from their phones with zero fees. Some reports from October suggest that Fidelity was aiming to increase its crypto operations by hiring 100 new team members, in contrast to the numerous crypto firms that have laid off a lot of staff this year.

Recently, British multinational bank HSBC filed trademark applications for NFT, metaverse, and cryptocurrency-related services, including metaverse financial advisory.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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