Fidelity Plans to Launch NFT Marketplace and Offer Crypto Services in Metaverse by DailyCoin

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Fidelity plans to launch the NFT marketplace and offer crypto services in the metaverse Fidelity Investments has submitted three trademark applications to the United States Patent Trademark Office (USPTO). The apps show Fidelity’s intention to begin offering crypto services like mutual funds, real estate, and retirement investing services “in the metaverse and other virtual worlds.” The investment giant said it may launch an NFT marketplace “with textual and graphical content” in the future. Fidelity also seems interested in providing crypto wallet and trading services.

Investment giant Fidelity Investments is looking to enter the metaverse and cryptocurrency industries, according to recent trademark filings.

On December 21, Fidelity filed three trademark applications with the United States Trademark Office (USPTO). All of them are geared towards providing various services “in the metaverse and other virtual worlds”.

For example, the applications indicate that Fidelity could offer a wide range of services. These include mutual funds, real estate investment and retirement services, stock brokerage services, and charitable fundraising services in the metaverse. Fidelity may also plan to launch educational services such as workshops, courses and seminars on financial services marketing.

Fidelity, which has $4.5 trillion in assets under management, also appears interested in providing crypto wallet services. Secure placement, management and trading of cryptocurrency assets are possible areas of activity.

“Electronic wallet services in the form of electronic storage and processing of virtual currency for electronic payments and transactions via a global computer network,” the application reads. Regarding non-fungible tokens (NFTs), the investment giant may also launch an NFT marketplace for “buyers and sellers of digital media, namely, non-fungible tokens featuring textual and graphical content.”

Crypto also plays an important role in Fidelity’s plans. For example, the company could offer “digital currency, virtual currency, cryptocurrency digital token, crypto token, and utility token trading services, namely the electronic transfer of virtual currencies.”

The company also wants to facilitate crypto trading services. They include “providing a financial exchange for trading digital currency, virtual currency, cryptocurrency, digital and blockchain assets, digitized assets, digital tokens, crypto tokens, and utility tokens.”

Fidelity remains bullish on crypto

Fidelity’s trademark demands come just two months after the dramatic implosion of second-largest crypto exchange FTX. On top of that, most cryptocurrencies are down 90%+ since the start of the year.

However, Fidelity seems to show loyalty to its crypto plans. In early November, one of the largest and oldest investment firms in the United States began offering early access to its crypto product, Fidelity Crypto. This application will allow trading and no commission fees.

In April this year, Fidelity announced plans to offer workers the option to invest in Bitcoin in its 401(k) retirement plans. They are the first major investment fund to do so. The move was heavily criticized by industry players and regulators, especially after the FTX debacle.

On the other hand, it’s unclear what specific services Fidelity plans to offer. It’s unclear when Fidelity will begin offering its services described in the trademark applications. Filing a trademark application does not mean that a company has to launch the goods or services mentioned in the application. Why You Should Care

Fidelity is one of the largest investment funds in the world. The fact that he is showing interest in crypto and filing multiple trademark applications covering a wide range of potential businesses in the metaverse and crypto industries is confirmation that the wider blockchain community desperately needs.

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