By George Ward
The crypto industry has been in a bear market for some time, but that has not stopped one of the world’s foremost asset managers, Fidelity Investments, from embracing the blockchain revolution. Fidelity has been investing in blockchain technology since 2015 and has become one of the most active institutional investors in the space.
Last Wednesday, the firm filed two patents related to using NFTs, Metaverse, and crypto trading. The first patent, titled “Non-Fungible Tokens and Exchange Systems,” is designed to enable the trading of NFTs.
About Fidelity’s New Patent Filings
The patent outlines a system for creating, managing, and trading NFTs, including methods for users to purchase, sell and transfer NFTs. The second patent, titled “Method and System for Trading Cryptocurrencies,” can be used to facilitate the trading and management of digital assets such as cryptocurrencies.
The patent outlines a system for trading and managing digital assets, including methods for users to purchase, sell, and transfer cryptocurrencies. The patent also outlines a strategy for setting and tracking prices, enabling funds transfer between buyers and sellers.
Fidelity’s patents demonstrate the firm’s commitment to the blockchain space and willingness to invest in disruptive technology development. By filing these patents, Fidelity shows that it is prepared to invest in the future of blockchain technology and take advantage of its innovative potential.
With the recent bear market, the crypto industry has been forced to reevaluate its approach to innovation and investing. Fidelity’s patents suggest that the firm is still very much optimistic about the future of blockchain technology, despite the current market condition.
Fidelity has filed several patents related to using the metaverse for trading crypto assets. The most recent patents include a “Crypto Trading Platform,” allowing users to make trades on the metaverse. The platform would allow for both buy and sell orders to be placed and offers a range of analytics tools to help users track their investments.
A Major Player
Fidelity’s filing of these patents shows that the company is serious about its bid to become a significant player in the blockchain and crypto space. The firm has recently made investments in several crypto companies, and its filing of these patents is another indicator of its commitment to the sector.
With Fidelity shrugging off the bear market and filing several patents related to the metaverse and crypto, the firm is positioning itself as a major player in cryptocurrency and blockchain. It’s only a matter of time before we start to see Fidelity’s products and services become widely available to investors.