Transforming into the Metaverse: Enriching Discussions on Cryptocurrency with Fidelity

by | Jun 24, 2023 | Fidelity IRA | 25 comments




Step into virtual reality with Chris Kuiper, Director of Research at Fidelity Digital Assets, and Alex Lieberman, Co-founder of Morning Brew, as they muse about cryptocurrency, the Metaverse and the future of money.

0:00 Into the Metaverse
1:45 The Meta-what?
8:03 Intro to crypto
14:11 Crypto and the younger generation
16:58 Risks and safety
18:52 Understanding Bitcoin
22:22 NFTs and the value of digital goods
28:24 Transacting in the Metaverse
31:19 Q & A

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

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Into the Metaverse: A Crypto Conversation | Fidelity

Cryptocurrency has been a hot topic in the financial world for quite some time now. Many investors, both institutional and retail, have been trying to navigate this rapidly evolving market. As interest in digital assets continues to grow, companies like Fidelity Investments are not only embracing this new technology but are also actively participating in conversations surrounding the metaverse.

Fidelity Investments, a multinational financial services corporation, recently hosted an event titled “Into the Metaverse: A Crypto Conversation.” The event aimed to explore the concept of the metaverse and the potential impact of digital assets within this virtual realm. The metaverse, at its core, refers to a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual reality. It represents a futuristic concept of a fully immersive virtual world where people can interact, transact, and even build their businesses.

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During the event, Fidelity executives, including Tom Jessop, President of Fidelity Digital Assets, and Christine Sandler, Head of Sales and Marketing, discussed the emergence of the metaverse and its potential as a new frontier for cryptocurrencies. They highlighted the importance of understanding this new digital landscape and the role of blockchain technology in building and securing a virtual economy.

The panelists emphasized the need for collaboration between traditional financial institutions and the cryptocurrency industry to promote innovation and ensure the legitimate use of digital assets within the metaverse. Fidelity’s involvement in this conversation showcases its willingness to embrace the future and actively participate rather than shy away from emerging technologies.

The metaverse offers exciting opportunities for cryptocurrency and blockchain technology to revolutionize industries beyond finance. The potential use cases within the metaverse are vast, including virtual real estate, virtual goods, gaming, and even digital identity. Fidelity recognizes the transformative power of this concept and believes that cryptocurrencies will play a significant role in shaping the emerging metaverse ecosystem.

The company’s active involvement in the metaverse conversation also highlights its commitment to providing institutional-grade cryptocurrency services. Fidelity has already made significant investments in building its cryptocurrency infrastructure, offering custody, trading, and other services to institutional investors. By openly discussing the metaverse and digital assets, Fidelity continues to position itself at the forefront of the crypto industry.

The event’s discussion also shed light on the potential risks and challenges associated with the metaverse. As with any emerging technology, there are concerns surrounding privacy, security, and regulatory compliance. An open dialogue and collaboration between industry participants, regulators, and technology experts are essential to address these challenges and create a sustainable and responsible metaverse environment.

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Into the Metaverse: A Crypto Conversation hosted by Fidelity Investments is a testament to the growing mainstream acceptance of cryptocurrencies and blockchain technology. It demonstrates that even established financial institutions are aware of the potential of this disruptive technology and are actively exploring ways to incorporate it into the future.

As the metaverse becomes increasingly intertwined with our everyday lives, discussions like these are crucial in charting the path forward. It is encouraging to see companies like Fidelity taking proactive steps to engage in a dialogue that will shape the future of finance and the metaverse.

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25 Comments

  1. John Akpang

    Please I need some response from you, on the project call 7 DOGE, is it really a project under Fidelity Investments?

  2. The_Fuse_Maestro11

    I hope everyone sees this comment

    Who ever will/have invested property inside LaLa land. Y’all are the dumbest pieces of shit to have ever grace this planet.

    Do you guys not realize that your getting robbed blind and secretly know but continue since everyone who’s invested in this are the cucks of the world.

    Gonna laugh my ass off when when the Metaverse shut down and the only thing you’ll have to show your progress is a receipt

  3. Jim Henderson

    It looks to be computer aided representation in real time

  4. pongop

    Interesting conversation and presentation! Quick question: What is lauren doing to Austin at 25:13?

  5. Danna Amaya

    I’m see my ez f oh

  6. Modina Chamblin

    This video is definitely worth the watch! Loved <every minute of it! I like how you say sometimes you gotta just not worry about things, and how 8% of things people worry about is an actual potential problem.! Scary thought especially when you figure some people let FEAR run their lives… It's also very inspiring because we know what we need to do to change that thinking and improve our approach so much! The Markets and the wider economy has been run through the meat grinder and I’m almost certain that an economic day of reckoning isn’t far off. At some point, all the printing will catch up with us and there will be no stopping the crash. It’s coming people. When market starts this week we will keep going lower. The FED will have to start more QE to save the bond market so when they pivot is when you will see BTC eventually go up high again. “Retail” is just another word for the average consumer. I feel like we might be in for a rough ride for crypto in general for a little while, but I am not worried about it. I'm a hodler/ trader and I will continue to do so to help hedge against inflation. I've been doing well despite what the market is doing too. I'm heavier into utilities and consumer staples/defensive crypto so my portfolio hasn't dipped much while the dividends climb even higher. Best thing to do right now is trade your assets, don't just seat at a place and watch while the price keep fluctuating, trade and accumulate more gains with Mrs Robin Moore trade strategy, which is what I've been doing. Bitcoin (BTC) consolidated under $40,000 on April 23 as market expectations favored further losses. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. Trading went smooth for me as I was able to raise over 16 BTC when I started at 3.7 BTC in just few weeks of implementing trades with signals and insights from expert Robin Moore. For crypto related issues Mrs Robin Moore can be reached on ͲeIєɠɾαm @moorerobin or What'sapp✙12132627458 ..

  7. Clarence Younger

    It would have good to show the hardware and locations.

  8. Nel Mar

    You guys still shorting GameStop. And moving on to crypto. I hope you guys don’t become market makers in the crypto community.

  9. Vinson Walton

    Amc will go single digits before triple digits but hey im still holding

  10. zay

    POV: you misclicked and seen these comments.

  11. SailorTed VanEyesInman

    I tried to finish this but this Metaverse is totally ridiculous at this level. Not a fan of anything Zuckerberg anyway. Please simply offer access to crypto and blockchain assets through Fidelity's existing IRA accounts. Thank you.

  12. lil Trappy

    He said I see familiar faces in the crowd lol

  13. TG

    MorningBrew changed my life. Btw, which metaverse was this meeting held?

  14. Jeffrey Jones

    Oh great, NOT !!!! Just one more opportunity to disconnect from reality.

  15. DC Wander

    What is this, the cartoon version of financial advice? Yukky format. Not subscribing. Not watching again. I'm not 10 years old.

  16. ketoinvestor

    Very basic, but helpful for new entrants or those still considering entry

  17. Charles G

    Fidelity and virtually everyone else is 50+ years behind the curve on the metiverse. Captain Christopher Pike ( Star Trek ) lived in the Metiverse in an episode called The Menagerie, way back in the 1960's. (Gene Roddenberry was an extraordinary visionary, who was far ahead of his time).

  18. Hines Figher

    So if bitcoin has a fixed supply, is that the reason for the other crypto currencies? What prevents fraudulent copies of nft's being created? And why is Hannah a frog?
    -From a semi-retired boomer, but got here from Brew. LOL great stuff!

  19. Gerrit Lane

    At first I was laughing at the cheesiness of the setting, but this was actually a thorough engaging conversation. Did not expect to watch the whole thing. The setting ended up making sense for this discussion, kudos to the cameraman for helping give the viewer some presence here

  20. Soo Jung Han

    If NFT's are uniquely owned, what technology is being used to ensure that each NFT piece is truly unique? Can two NFT's be very similar with one difference and still be minted separately?

  21. Adrian Janssen

    oh god its so horrible. make it go away.

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