Fidelity Investments is set to enter the Web3 space with a range of products and services. According to three trademark applications filed with the US Patent and Trademark Office (USPTO), the investment giant is planning to launch a marketplace for non-fungible tokens (NFTs) and provide financial investment and cryptocurrency trading services in virtual worlds.
In addition, Fidelity is considering offering a variety of financial services within the metaverse, including mutual funds, retirement funds, investment management, and financial planning. The company is also exploring the possibility of providing payment services in the metaverse, including electronic bill payments, fund transfers, and financial administration of credit card accounts.
Fidelity is also planning to offer educational services in the form of classes, workshops, seminars, and conferences in the field of investments and financial services marketing.
Despite the recent bear market and the FTX implosion, Fidelity is looking to increase its exposure and offerings in Web3 and has called for stronger regulation in the cryptocurrency industry.
In conclusion, Fidelity’s expansion into the Web3 space demonstrates the company’s commitment to staying at the forefront of innovation and adapting to the changing financial landscape. Its plans to offer a range of products and services related to NFTs and the metaverse show the company’s willingness to embrace new technologies and provide a wide range of options for its customers. This is a positive development for Fidelity and its customers, as it allows the company to continue to grow and evolve in the rapidly-changing world of finance.
