Inevitable

NYSE files trademark for NFT trading

According to a recent trademark application, the New York Stock Exchange filed for a trademark centered on virtual assets and NFTs last week.

If the NYSE establishes a new marketplace, it would compete with Coinbase NFT Marketplace and OpenSea, the largest NFT marketplace today, with a market capitalization of $13.3 billion.

The filing isn’t the exchange’s first foray into this territory. Last year, the NYSE released its first NFTs.

This is just another indication that NFTs have attracted not only crypto enthusiasts, but also organizations and businesses of various sizes and industries.

Here’s the complete section:

“Provision of an online marketplace for buyers, sellers, and traders of downloadable digital goods authenticated by non-fungible tokens (NFTs); provision of an online marketplace for buyers, sellers, and traders of virtual and digital assets, artwork, collectibles, and non-fungible tokens; provision of online marketplace services, specifically providing an online marketplace for buyers, sellers, and traders of digital currency, virtual currency, cryptocurrency, digital tokens, crypto tokens provision of an online marketplace for buyers and sellers of non-fungible tokens (NFTs) authenticated downloadable digital products; provision of an online marketplace for buyers and sellers of non-fungible tokens (NFTs) authenticated downloadable digital art images.”