It is possible that the biggest stock exchange in the world, NYSE, will venture into the Metaverse starting with NFT.
NYSE filed an application to register the name “NYSE”
The New York Stock Exchange (NYSE), has filed a trademark application with the United States Patent and Trademark Office, or USPTO, on 10 the of February 10. The step is to register the name “NYSE” for several blockchains and crypto-related products like NFT and services. According to the application, the specified goods include virtual reality and augmented reality softwares. This also include nonfungible tokens, or NFTs, and online marketplaces.
Further, according to the application, the financial exchange would be able to provide “downloadable virtual goods” for NFTs and digital collectibles, as well as “authentication of data in the field on NFTs using blockchain technology.” However, this is not the first time, NYSE is trying to get into NFTs or the Metaverse. Last year, in April 2021, six NYSE NFTs were minted to commemorate the first trades for Spotify, Snowflake, Unity, DoorDash, Roblox.
According to NYSE’s official website, there are many more NYSE NFTs to come. NYSE will continue to welcome new, innovative companies to our community”. This indicates plans to launch an NFT marketplace for buyers, sellers and traders for digital assets.
In their website, you can also find a section that details “cryptocurrency trading services” that would facilitate the “financial exchange of virtual currency”. Further, NYSE will include both downloadable and non-downloadable virtual reality and augmented, as well as application programming interface.
NYSE’s not the only public company
The New York Stock Exchange is not the only public company to follow the recent trends. There are several other public companies that have filed trademark application. This is not only to protect their brands but to signify their exploration into blockchain and NFTs. Recently, McDonalds have also taken step as they have submitted a trademark application to open restaurants in the metaverse.
Aditionally, Disney’s patent for interactive attractions for theme park visitors has alsbeen approved. In the middle of several fraud cases and scams NYSE’s stance gives a fresh wind to breathe on.