- Fidelity has hinted at stepping into the NFT and metaverse space through trademark filings
- Interest areas include an NFT marketplace, investment services in the metaverse and crypto trading
- Fidelity is also looking to offer real estate investment opportunities in the Web 3.0 world
Investment heavyweight Fidelity Investments has expressed an intention to enter the NFT and metaverse space through trademark filings in the United States. Among its main points of interest are an NFT marketplace, metaverse-based investment services, crypto trading and offering real estate investment opportunities in the Web 3.0 world. The revelation comes less than two months after the investment firm disclosed plans to launch a crypto trading app.
The Metaverse Takes First Place
According to Mike Kondoudis, a recognized trademark attorney, Fidelity’s trademark filings encompass services and products from NFTs to decentralized finance (DeFi), with the metaverse being the firm’s major point of interest.
#Fidelity has plans for the metaverse!
The company has filed 3 trademark applications covering
▶️ NFTs + NFT Marketplaces
▶️ Metaverse Investment Services
▶️ Virtual Real Estate Investing
▶️ Cryptocurrency Trading
… and more!#NFTs #Metaverse #Crypto #Web3 #Defi #Finance pic.twitter.com/op9fg80e7z— Mike Kondoudis (@KondoudisLaw) December 26, 2022
An excerpt shared by Kondoudis on Twitter shows that the investment giant is interested in:
Mutual fund investment services in the metaverse […], retirement fund investment services in the metaverse […], investment management services in the metaverse […and] financial planning in the metaverse and other virtual worlds.
500 Employees to Work on Fidelity Crypto Plans
On crypto services, Fidelity plans to offer services touching on storage, management and trading in the virtual world. The investment heavyweight also has its eyes focused on offering financial education and providing real estate investment opportunities in the Web 3.0 space.
The filings come two months after Fidelity said it’s looking to add 100 new employees to its crypto department. In October, the firm’s spokesperson said that Fidelity is looking to have a crypto division with 500 employees before March 2023.
Over the years, the investment giant has expressed interest in cryptocurrency through filing ETFs and adding support for charitable donations in Ripple (XRP), among other approaches. Its latest interest in NFTs, metaverse, and Web 3.0 in general confirms its belief in the space and is likely to bring other major investment firms into the digital world.
