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Fidelity Brings NFT marketplace and Financial Services to the Metaverse

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Pavan A Follow

INDIA

Dec, 27 2022

Dec, 27 2022

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One of the world's biggest financial companies, Fidelity Investments, recently filed a bid to have three US trademarks related to crypto trading in the metaverse, such as an online marketplace for nonfungible tokens (NFTs) and financial services. 

 

The company has indicated that it is focusing a lot on the Metaverse, offering a variety of investment services, including mutual funds, retirement funds, investment management, and financial planning, within virtual worlds. Aside from electronic bill payments, fund transfers, and credit card account management in the Metaverse. 

 

As per the filing, “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.” 

 

Further, Fidelity's services would include educating people about the investment industry through lectures, workshops, seminars, and conferences, as well as marketing financial services within the Metaverse. As part of its investment portfolio, the firm is also planning to introduce non-fungible tokens, as the investment manager has stated that the company may launch an online platform where buyers and sellers of digital media can start to trade these tokens, although further details on this plan have not been released. 

 

Amidst various cryptocurrency organizations that have laid off a substantial number of employees this year, it is worth mentioning that Fidelity was reported to be recruiting an additional 100 employees for its cryptocurrency division during the month of October. 


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Pavan A

CBW - External Analyst

INDIA

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