Author : Mark

Date : Dec 28,2022

The trademark applications reveal that Fidelity also plans to open a store in the metaverse

For Web3 goods and services, Fidelity Investments has submitted trademark applications in the US.

The American asset management company Fidelity Investments filed three Web3 trademark applications on December 21 to show its interest in non-fungible tokens (NFTs) and the metaverse.

According to trademark filings released by registered trademark attorney Mike Kondoudis in a tweet on December 26 about trademark applications, Fidelity intends to create an NFT marketplace including "textual and visual content." Additionally, it is permitted to market NFTs under trademark application category IC 009 for "digital media, namely non-fungible tokens."

The trademark applications reveal that Fidelity also plans to open a store in the metaverse where it will offer its core financial services, including financial planning, mutual fund investment services, retirement fund investment services, real estate investment services, and electronic bill payment in the metaverse and virtual worlds. These services will be offered in addition to NFTs.

The company may provide trading, management, and wallet services for virtual currencies in the metaverse, according to the documents.

Additionally, Fidelity suggests that it may offer lectures, workshops, seminars, and conferences in the area of marketing financial services and investing in order to deliver educational services in the metaverse.

Although the financial services industry may seem dated and formal, many have adopted the popular Web3 in 2022. We've written a lot this year about banks, financial institutions, and other businesses investing in this new technical area.

The fact that more financial services companies are still embracing Web3 is wonderful news for the sector, as shown by Fidelity's trademark filings. We'll keep a close eye out for any new developments.