Fidelity Registers Trademarks for NFT Marketplace and Metaverse Services

Key takeaways:

  • Financial Powerhouse Fidelity Registers Trademarks for Products Related to Crypto, NFT, and Metaverse
  • The United States Patent and Trademark Office (USPTO) received three trademark applications from Fidelity Investments last week.

In order to enter the cryptocurrency market, Fidelity has filed three trademark applications for providing services in the metaverse. The corporation plans to make its conventional financial services available in a number of virtual worlds, as indicated by the documents submitted.

The three trademark applications filed with the USPTO on December 21 were noticed in a tweet on December 27 by accredited trademark lawyer Mike Kondoudis.

The massive financial services company filed its trademark registrations on December 21. The three of them have serial numbers 97727473, 97727439, and 97727409.

Large firms are increasingly submitting USPTO trademark applications relating to cryptocurrencies and the metaverse. According to the documents, the company may offer virtual currency wallet services in addition to trading and management services in the metaverse.

The applications explicitly mentioned  numerous goods and services that are available “in the metaverse and other virtual worlds,” such as mutual fund investment services, retirement fund investment services, investment management services, financial planning services, securities brokerage services, money management services, financial analysis services, and investment management services.

Despite the extended bear market, Fidelity is continuing to grow its investments in the industry. In November, the conglomerate began a waiting list for Fidelity Crypto, a bitcoin product aimed at everyday consumers.

By becoming the first significant retirement plan provider to permit customers to include a bitcoin account in their 401(k)s, Fidelity Investments created history.

The development shows that cryptocurrency investing is becoming more widely accepted, but it is still unclear whether employers would accept it for their employees.

Fidelity has indicated that it may be able to provide a wide range of investing services within digital environments, including mutual funds, retirement funds, investment management, and financial planning. This continues to be one of the firm’s primary areas of interest.

Additionally, in October, Fidelity Digital Assets started facilitating Ethereum (ETH) trading for its institutional clients. Given that Fidelity owns assets worth $2.7 trillion, the company’s recent statements involving the metaverse are obviously noteworthy.

Aadrika Sharma
Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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