Fidelity Investments Applies for NFT and Metaverse Trademarks
The company has filed for three trademarks as it moves to invest in emerging technologies.
Fidelity will offer services in Emerging Technologies
Fidelity Investments, a US-based financial company, has applied for three trademarks that suggest it plans to enter the non-fungible token (NFT) and metaverse markets. The trademark applications, filed with the US Patent and Trademark Office on December 21, indicate that Fidelity intends to offer NFTs with text and graphics and an NFT marketplace for trading digital assets.
In addition to NFTs, Fidelity Investments also plans to offer financial services in the metaverse, including mutual fund investment, retirement fund investment, investment management, financial planning, and other related services. The trademark filings also mention the possibility of providing a digital currency wallet and electronic virtual currency transfers.
These trademarks suggest that Fidelity plans to further its involvement in the Web3 space, which began with the creation of The Fidelity Stack, a virtual location in Decentraland that is intended to educate people about personal finance. This move into the metaverse and NFT markets indicates that the company wants to expand its presence and offerings in the virtual world.
Several Financial Service Companies are in the Metaverse
Fidelity Investments is not the first financial services company to file trademarks related to the NFT and metaverse spaces. Several firms, including Mastercard, Capital One, and HSBC, have already filed trademarks to establish their presence in the Web3 space. This trend indicates that many financial companies are looking to enter and explore the potential of these emerging markets.
While some financial institutions have only filed trademarks related to NFTs and the metaverse, others have already launched initiatives in these areas. For example, SEBA Bank has begun offering NFT custody for high-quality Ethereum-based NFTs, while Sygnum has entered the metaverse to educate the community about innovative financial products and the future of finance.