The New York Stock Exchange (NYSE) is the latest big institution to file an NFT-related trademark.
Last year, NYSE minted their first NFT to celebrate the first trades of several companies, namely Spotify – which executed the first ever direct listing, Snowflake, Unity, DoorDash, Roblox and Coupang.
Now, NYSE is hinting at bigger NFT ambitions. According to a recent trademark application, the exchange talks of provision of a marketplace where buyers and sellers can purchase NFTs.
The application, dated February 10, reads as follows.
“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; online marketplace services, namely, providing an online marketplace for buyers, sellers and traders of digital currency, virtual currency, cryptocurrency, digital tokens, crypto tokens and utility tokens;
Providing a website featuring an online marketplace for buying, selling and trading virtual goods with other users; develop and design virtual retail stores, virtual stores, and virtual showrooms for others provision of an online marketplace for buyers and sellers of downloadable digital goods authenticated by non-fungible tokens (NFTs); provision of an online marketplace for buyers and sellers of downloadable digital art images authenticated by non-fungible tokens (NFTs).”
The application itself may not mean that NYSE will be developing a marketplace to compete with OpenSea, LooksRare and the rest. It could also mean that the exchange plans on staking IPs in related areas.
However, we’ll have to wait and find out what their true plans are.