Business to Metaverse? NYSE plans NFT marketplace with trademark application

Sahana Kiran
Source – Wallpaper Flare

The world’s largest stock exchange, New York Stock Exchange a.k.a NYSE made things official in the NFT space by filing a trademark application. The latest application entails an array of specifics that included all things digital.

Non-fungible tokens popularly known as NFTs have taken the world by storm. The interest and demand for crypto and NFTs have been on an upward trajectory throughout the last couple of months. Major platforms like Nike, Lamborghini, Mercedes Benz, McDonald’s, and several others decided to dive into the NFT space. Following this trend, NYSE decided to officially enter the NFT space.

Last week, the stock exchange went on to register the name “NYSE” with the United States Patent and Trademark Office [USPTO]. As per the application, the stock exchange intends to deliver an online marketplace for digital goods. The list of digital goods further included NFTs, cryptocurrencies, digital media, and artwork.

With this potential marketplace in the making, NYSE could emerge as a prominent competition for already established platforms like OpenSea.

NYSE previously rolled out six NFTs

This wasn’t the first time the world’s largest stock exchange was trying its hand at NFTs. Back in April, NYSE minted about six NFTs in order to monumentalize the first trades for DoorDash, Spotify, Unity, Roblox, Cooping as well as Snowflake. Soon after this, the stock exchange indicated that there were many more underway. The firm’s website read,

“[..] we are starting with these six, but we know there will be many more NYSE NFTs to come as we continue to welcome new, innovative companies to our community.”

While the community expected NYSE to roll out a few more NFTs, the stock exchange had bigger plans. The latest trademark application further sheds light on the evolving demand for NFTs. The world’s largest stock exchange rolling out its very own NFT marketplace could certainly elevate the adoption of these tokens.