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Fidelity Launches Tiered Learning Center in Metaverse – Metaverse Bitcoin News

Fidelity Investments, a major financial services firm with $11.3 trillion in assets under administration, has entered the metaverse with the opening of an eight-story learning center and the launch of an online-traded fund. exchange (ETF) metaverse. The Fidelity Stack features “a multi-level design with a lobby, dance floor, and rooftop sky garden that users can explore on foot – or even teleport.”

Loyalty enters the Metaverse

Fidelity Investments on Thursday announced the official opening of “The Fidelity Stack,” which the brokerage firm described as its “first immersive metaverse experience aimed at offering a new way to learn the basics of investing.” Fidelity is one of the largest financial services companies; it currently has $11.3 trillion in assets under administration.

The Fidelity Stack is an eight-story building in the metaverse where visitors can experience different ways to invest. An entire floor is dedicated to providing information about Fidelity Metaverse ETF (FMET), the company’s new exchange-traded fund focused on investing in the metaverse. Loyalty explained:

The Fidelity Stack, built at Decentraland, features a multi-level design with a lobby, dance floor, and rooftop sky garden that users can explore on foot — or even teleport.

“In The Fidelity Stack’s Invest Quest, users are challenged to navigate the building learning the basics of investing in ETFs while collecting ‘orbs’ along the way,” the announcement continues.

Decentraland is an Ethereum-based metaverse that opened to the public in January 2020. In February, global investment bank JPMorgan chose Decentraland as the metaverse platform to open its lounge.

Fidelity Launches Tiered Learning Center in Metaverse
Inside the Loyalty Stack in Decentraland. Source: Decentraland

Kathryn Condon, Head of Marketing Channels and Emerging Platforms at Fidelity, commented:

The way we interact with each other and with our money is changing rapidly, whether through the rise of blockchain technology or the development of a new digital universe. Our foray into the metaverse is designed with this in mind.

Last month, Citi predicted that the Metaverse could be a $13 trillion opportunity with five billion users by 2030. Global investment banks Goldman Sachs and Morgan Stanley believe the Metaverse is an 8 trillion dollar opportunity. trillions of dollars.

What do you think of Fidelity entering the metaverse? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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