- Fidelity has filed a trademark application for various Web3 products and services in the US.
- They plan to provide a wide range of financial services inside the metaverse.
- Also, have plans to use the metaverse for financial education purposes.
The NFT market is slowly gaining traction; it is often referred to as the technology of the future. Recently Warner Music Group invested in DressX, a digital fashion studio. Here the artists under WMG can have digital dresses and accessories for their digital avatars. Now Investment giant Fidelity Investments has entered the race and have filed a trademark application in the US for many Web3 products and services.
NFT marketplace, financial investment and crypto trading services in the metaverse are to be part of their plans. These details come from 3 trademark filings on December 21, 2022, to the United States Patent Trademark Office (USPTO), and Mike Kondoudis, a licensed trademark attorney, brought under attention a tweet on December 27.
Source: https://www.thecoinrepublic.com/2022/12/27/nft-marketplace-financial-services-in-metaverse-plans-fidelity/