NYSE applies for trademark for an NFT marketplace
Last week, the New York Stock Exchange filed a trademark application for virtual goods and NFTs.
Does it want to become an NFT marketplace?
The filing, dated Feb. 10, indicates plans to offer an online marketplace for various digital goods such as NFTs, cryptocurrencies, digital media and artwork. If the exchange implements these plans, it will compete with OpenSea and Rarible.Of course, the trademark application in and of itself does not mean that the NYSE wants to get into NFT trading. Such an application could represent NYSE's interest in staking out intellectual property in areas of interest in today's market. Nevertheless, the NYSE has previously indicated a longer-term interest in NFTs.
NYSE minted six NFTs last year
In April, the NYSE minted its first set of NFTs with homages to six hot tech stocks that debuted on the world's largest bourse, including Spotify, Roblox, and Coupang. At the time, the exchange said it wasn't selling the NFTs, only minting them, apparently for commemorative purposes.According to the company's website that explains their first minted NFTs, "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."
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