Several Web3 services, including an NFT marketplace and financial investing and crypto trading services in the metaverse, have trademark applications filed in the United States by investment behemoth Fidelity Investments.
License trademark attorney Mike Kondoudis tweeted on December 27 that three trademark applications were filed with the USPTO on December 21.
#Fidelity has plans for the metaverse!
The company has filed 3 trademark applications covering
▶️ NFTs + NFT Marketplaces
▶️ Metaverse Investment Services
▶️ Virtual Real Estate Investing
▶️ Cryptocurrency Trading
… and more!#NFTs #Metaverse #Crypto #Web3 #Defi #Finance pic.twitter.com/op9fg80e7z
— Mike Kondoudis (@KondoudisLaw) December 26, 2022
Fidelity suggests it could provide mutual funds, retirement funds, investment management, and financial planning within virtual worlds, which is one of the company’s primary areas of interest.
The company is also considering offering cryptocurrency wallet services and launching metaverse trading and administration services. It will provide “classes, workshops, seminars, and conferences in the field of investing and marketing financial services” in the virtual world.
Fidelity stated that it might develop an online marketplace for buyers and sellers of digital material, especially non-fungible tokens. New documents reveal that despite the severe bear market in 2022 and the recent FTX catastrophe, Fidelity is trying to expand its presence and services in the Web3 space.
In response to a letter from crypto-hating senators Elizabeth Warren, Tina Smith, and Richard Durbin dated November 21, in which they urged Fidelity to reevaluate its Bitcoin retirement products, the company essentially laid this out and called for stronger regulation.
A representative for Fidelity revealed that the firm has always prioritized operational excellence and consumer protection, adding that recent incidents in the cryptocurrency business have underscored the need for standards and protections.
Notably, in contrast to several crypto businesses that have let off significantly of people this year, Fidelity was planning to bolster its crypto branch by adding 100 additional staff members back in October.