The New York Stock Exchange has applied for trademark licenses to ship metaverse, NFT, and cryptocurrency products, as of a Feb. 10 filing with the U.S. Patent and Trademark Office.
While NYSE denies that plans are about to launch virtual products, the licenses would allow the exchange to create a digital market alongside the existing exchange.
If approved, the NYSE could create a whole new market for the purchase and sale of NFTs.
NYSE is also seeking permission to launch its own cryptocurrency, although it is unclear whether it will proceed with the signal.
In a statement to The Post, the NYSE confirmed that it was seeking to retain licenses for new products, but opposed a potential timeline.
“The NYSE has no immediate plans to launch cryptocurrency or NFT trading,” the NYSE said in the statement. “The NYSE regularly reviews new products and their impact on our brands and protects our intellectual property rights accordingly.”
This is not the NYSE’s first attempt to enter NFTs. Last year, he created several NFTs commemorating the IPOs of notable companies, including Roblox, Spotify and Snowflake.
Over the past year, the value of NFT markets has increased. The popular OpenSea NFT trading platform was valued at $ 1.5 billion in July – today it is worth $ 13 billion north. And obviously more traditional exchanges like NYSE are trying to get a bigger slice of the lucrative space.
After NFT from artist Beeple completed $ 69 million in March 2021, a large number of NFTs were sold at great prices, including the first tweet from Twitter co-founder Jack Dorsey, which went for $ 3 million later this month sin.
