The NFT and Metaverse sectors did not see a particularly profitable run this year. Despite the ongoing market decline, Fidelity has plans to expand its presence in the Web3 sectors of NFTs and the Metaverse. The US-based investment giant wants to offer financial and investment services to people around the world in the Metaverse. The company has filed three trademark applications demonstrating its interest in launching crypto trading and management services in a fully functioning virtual universe ecosystem.
Mike Kondoudis, a trademark attorney known for providing insight into newly filed applications Twitterposted about Fidelity’s upcoming Web3 plans.
The screenshot of loyalty Documents shared by Kondoudis indicate that the company is exploring ways to launch a “virtual real estate” investment service that would help people buy land in the metaverse.
Fidelity Investments, founded in 1946 in Boston, USA, is one of the largest wealth managers in the world.
The company has shown undeterred interest in the crypto sectordespite the volatility associated with the digital assets.
In April this year, Fidelity Investments announced that its 401(k) plan — a retirement plan offered by a variety of U.S.-based companies with additional tax benefits — that would allow participants to invest up to 20 percent in Bitcoin through its retirement plan.
Later in June, Fidelity Investments’ digital assets arm had promised to do so double in hiring clients who want to invest in crypto assets.
Now the company plans to delve deeper into the Web3 sphere and at the same time a digital wallet to help people store their wealth.
As of September of this month, over 3,600 trademark applications have been filed in the areas of cryptocurrency, Web3, metaverseand NFTs in the USA.
The month of March this year, recorded A maximum of 1,078 NFT-related applications were submitted.
