Fidelity Plans to Expand in NFT and Metaverse Sectors, Trademark Filings Show

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The NFT and metaverse sectors did not have an exceptionally profitable run this year. Despite the continued market downturn, Fidelity has plans to expand its presence in the Web3 sectors of NFTs and the metaverse. The US-based investment giant aims to provide financial and investment services to people around the world, in the metaverse. The company has filed three trademark applications, showing its interest in launching crypto trading and management services in a fully functional virtual universe ecosystem.

Mike Kondoudis, a trademark attorney famous for sharing glimpses of newly filed filings on Twitter, posted about Fidelity’s upcoming Web3 plans.

The screenshot of Fidelity’s filings shared by Kondoudis indicated that the company is exploring ways to launch a “virtual real estate” investing service that will allow people to buy lots in the metaverse.

Founded in 1946 in Boston, USA, Fidelity Investments is touted as one of the largest asset managers in the world.

The company is showing an unflinching interest in the crypto sector, despite the volatility associated with the digital assets.

In April of this year, Fidelity Investments announced that its 401(k) plan — a retirement savings plan offered by many U.S.-based companies with additional tax breaks — allows participants to invest up to 20 percent in Bitcoin, through the retirement plan. plan.

Later in June, the Fidelity Investments digital asset arm had pledged to double its hirings to serve clients looking to invest in crypto assets.

Now the company plans to delve deeper into the Web3 sphere, while also looking for a digital wallet to help people store their belongings.

As of September this month, more than 3,600 trademark applications have been filed across the cryptocurrency, Web3, metaverse, and NFTs industries in the US.

In the month of March of this year, a maximum of 1,078 NFT-related applications were submitted.


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