Fidelity Investments, a U.S.-based financial services corporation, has announced plans to enter the NFT/Metaverse space, focusing primarily on mutual funds, investment management, and a few other areas.
A New Entry Into Web3
Another entry into the web3 space comes from Fidelity Investments, a financial services corporation aiming for the metaverse sector.
According to insider information from the trademark attorney, the firm has submitted trademark proposals for everything NFT related, including NFT Marketplaces, metaverse real estate, and many others.
Fidelity focuses on the financial aspect of the metaverse, and it has previously stated that it aims to provide many options of investment services for virtual world experience and users, as well as cutting across investment planning when it comes to investing in the metaverse and other areas.
The aforementioned are the firm’s primary focus as it does not fall outside of their line of work and jurisdiction, and it is consistent with what they were doing prior to their announcement to enter the metaverse space.
Plans For The Metaverse
The company also stated that its role includes handling payment services in the virtual space. These payment services may include either electronic or cash transfers. They will also assist in the management and upkeep of the credit cards used.
The firms’ idea to additionally offer a virtual currency wallet service for consumers on this metaverse platform and virtual space is one of the many initiatives that are emerging every day.
The Fidelity team’s plan stated that these electronic wallet services will act as electronic storage for processing payments across a global processing network when they begin to operate.
Additionally, there are a few payment options which include use of digital tokens, virtual money, and cryptocurrency assets.
The team also disclosed that it might include educational assistance in its functions for the metaverse. It intends to arrange and conduct educational events, seminars, and lectures focusing on the provision of financial services that also touch on investing management abilities.
Last but not least of the stated plans, the company intends to open a marketplace where investors may purchase and sell their NFT collection as well as perhaps other assets.
