NYSE files trademark application to build an NFT marketplace By BTC Peers


NYSE files trademark application to build an NFT marketplace

In a rather unexpected move, the New York Stock Exchange (NYSE) has filed an application with the US Patent and Trademark Office (USPTO) to build its own NFT marketplace.

The trademark application suggests that the exchange is looking to provide an online marketplace for various digital goods including NFTs, cryptocurrencies, digital media, and artworks.

According to the USPTO filing, the New York Stock Exchange is registering “NYSE” for diverse blockchain and crypto-related goods and services, extending to fields like “virtual reality and augmented reality software, non-fungible tokens, and/or NFTs, and online marketplaces.”

The NYSE could be out to compete with other big players like OpenSea and Rarible the application goes through.

Last April, the stock exchange dipped its feet into the NFT waters after minting its first set of commemorative NFTs as part of a series titled “First Trade.” The NFTs recognized six hot tech stocks that debuted on the world’s largest bourse, including Spotify (NYSE:), Roblox, and Coupang.

Back then, the NYSE said it was not selling the NFTs. However, it’s becoming obvious that the exchange may still harbor secret ambitions for the sector.

The NYSE is currently the world’s largest stock exchange by market cap. Its latest endeavor signals a much broader and bigger investment into the blockchain territory, unlike last April’s NFT release.

Although the details are still sketchy, the NYSE will be creating a full-fledged NFT marketplace at a time when competition from market leader OpenSea is booming. Coinbase (NASDAQ:) is just a few weeks away from launching its own NFT marketplace while growing marketplace LooksRare has been making waves in recent times.

Continue reading on BTC Peers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



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NYSE files trademark application to build an NFT marketplace

In a rather unexpected move, the New York Stock Exchange (NYSE) has filed an application with the US Patent and Trademark Office (USPTO) to build its own NFT marketplace.

The trademark application suggests that the exchange is looking to provide an online marketplace for various digital goods including NFTs, cryptocurrencies, digital media, and artworks.

According to the USPTO filing, the New York Stock Exchange is registering “NYSE” for diverse blockchain and crypto-related goods and services, extending to fields like “virtual reality and augmented reality software, non-fungible tokens, and/or NFTs, and online marketplaces.”

The NYSE could be out to compete with other big players like OpenSea and Rarible the application goes through.

Last April, the stock exchange dipped its feet into the NFT waters after minting its first set of commemorative NFTs as part of a series titled “First Trade.” The NFTs recognized six hot tech stocks that debuted on the world’s largest bourse, including Spotify (NYSE:), Roblox, and Coupang.

Back then, the NYSE said it was not selling the NFTs. However, it’s becoming obvious that the exchange may still harbor secret ambitions for the sector.

The NYSE is currently the world’s largest stock exchange by market cap. Its latest endeavor signals a much broader and bigger investment into the blockchain territory, unlike last April’s NFT release.

Although the details are still sketchy, the NYSE will be creating a full-fledged NFT marketplace at a time when competition from market leader OpenSea is booming. Coinbase (NASDAQ:) is just a few weeks away from launching its own NFT marketplace while growing marketplace LooksRare has been making waves in recent times.

Continue reading on BTC Peers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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