Fidelity plans NFT marketplace and financial services in the Metaverse
$4.2 trillion asset administration agency Constancy Investments has filed trademark purposes in the USA for a bunch of Web3 services and products, together with a non-fungible token (NFT) market and monetary funding and crypto buying and selling providers within the metaverse.
That is in accordance with three trademark filings submitted to the USA Patent Trademark Workplace (USPTO) on Dec. 21, of which was additionally highlighted by licensed trademark legal professional Mike Kondoudis in a Dec. 27 tweet.
#Fidelity has plans for the metaverse!
The corporate has filed 3 trademark purposes overlaying
▶️ NFTs + NFT Marketplaces
▶️ Metaverse Funding Providers
▶️ Digital Actual Property Investing
▶️ Cryptocurrency Buying and selling
… and extra!#NFTs #Metaverse #Crypto #Web3 #Defi #Finance pic.twitter.com/op9fg80e7z— Mike Kondoudis (@KondoudisLaw) December 26, 2022
One of many key areas of the agency’s focus seems to be the Metaverse, with Constancy indicating that it might provide a variety of funding providers inside digital worlds together with mutual funds, retirement funds, funding administration and monetary planning to call a number of.
It additionally seems that metaverse-based cost providers might be within the works, together with digital invoice funds, fund transfers and the “monetary administration of bank card accounts within the metaverse and different digital worlds.”
By way of crypto, the filings point out that the agency might additionally launch buying and selling and administration providers within the Metaverse, together with offering digital forex pockets providers.
“Digital pockets providers within the nature of digital storage and processing of digital forex for digital funds and transactions through a world laptop community; digital forex, digital forex, cryptocurrency digital token,” the submitting reads.
Moreover, Constancy outlines that it might provide instructional providers within the Metaverse within the type of “conducting courses, workshops, seminars and conferences within the discipline of investments and within the discipline of selling monetary providers.”
“Offering enterprise info to monetary service suppliers by the use of an web website online, within the discipline of enterprise advertising within the metaverse and different digital worlds; referral providers within the discipline of funding recommendation and monetary planning within the metaverse and different digital worlds” one submitting reads.
NFTs are additionally on Constancy’s plans, stating that it might additionally launch an “on-line market for consumers and sellers of digital media, particularly, non-fungible tokens,” nonetheless additional particulars on such are sparse.
Associated: Present infrastructure cannot assist the metaverse, says Huawei report
The most recent filings from Constancy present that the agency has not been spooked by the extraordinary bear market in 2022 and up to date FTX implosion, and is as an alternative seeking to enhance its publicity and choices in Web3.
The agency basically outlined as such and referred to as for stronger regulation when responding to a Nov. 21 letter from crypto hating senators Elizabeth Warren, Tina Smith and Richard Durbin, which had referred to as on Constancy to rethink its Bitcoin (BTC) retirement merchandise because of the “unstable, tumultuous and chaotic” nature of crypto property.
A Constancy spokesperson advised Cointelegraph on the time that the corporate “has at all times prioritized operational excellence and buyer safety” and famous that “current occasions” within the crypto business have solely “underscored the significance of requirements and safeguards.”
It’s also price noting that again in October, Constancy was reportedly seeking to beefing up its crypto unit by hiring 100 new employees members, offering a stark distinction to plenty of crypto companies which have laid off a major quantity of staff this 12 months.