Fidelity Investments Files for NFT and Metaverse Trademark Applications

On December 21st, Fidelity Investments, an American asset management firm, submitted three Web3 trademark applications, indicating its interest in non-fungible tokens (NFTs) and the metaverse.

Fidelity aims to build an NFT marketplace including "textual and visual content," according to trademark filings revealed by licensed trademark attorney Mike Kondoudis in a Dec. 26 tweet. It may also sell NFTs under provision IC 009, a trademark application category for "digital media, namely non-fungible tokens..."

In addition to NFTs, the trademark applications show that Fidelity intends to open a store in the metaverse where it will provide its core financial services, such as financial planning, mutual fund investment services, retirement fund investment services, real estate investment services, and electronic bill payment in the metaverse and virtual worlds.

According to the filings, the company may offer virtual currency wallet services, trading, and management services in the metaverse.

“Electronic wallet services in the nature of electronic storage and processing of virtual currency for electronic payments and transactions via a global computer network; digital currency, virtual currency, cryptocurrency digital token,” the filing reads.

Furthermore, Fidelity suggests that it might provide educational services in the metaverse by "offering classes, workshops, seminars, and conferences in the field of investing and marketing financial services."

While the financial services business may appear to be old and staid, many have embraced the trendy Web3 in 2022. This year, we've published many articles about banks, financial firms, and others investing in this emerging technological field.

Fidelity's trademark filings demonstrate that more financial services firms are still embracing Web3, which is great news for the industry. We'll keep our ears to the ground for any further developments in the story here at NFT Drops Calendar.