NYSE Files Trademark Application to Trade NFTs

Annie Li  Feb 16, 2022 17:30  UTC 09:30

1 Min Read

The world’s largest public bourse, the New York Stock Exchange (NYSE), said it filed a trade NFT trademark application with the United States Patent and Trademark Office (USPTO) on February 10, aiming to enter the world of the NFT market.

According to the official announcement, the application submitted by the NYSE involves virtual reality and augmented reality software, non-fungible tokens or online markets.

The NYSE hopes it will offer “downloadable virtual goods” for NFTs and digital collectables, using blockchain technology for authentication.

“Many more NYSE NFTs to come as we continue to welcome new, innovative companies to our community,” NYSE added.

This trademark application implies NYSE’s determination and plans to launch the NFT market and explore the blockchain and NFT market.

A non-fungible token (NFT) is a special encrypted token representing unique collectables. An NFT is used in specific applications that require unique digital items, such as encrypted art, digital collectables, and online games.

As NFTs cannot be copied or divided between different holders. Therefore, the authentication of identity is crucial.

In April of last year, the NYSE launched its “first-class of NYSE NFTs” to celebrate the “First Trades of these notable listings: Spotify, which executed the first-ever Direct Listing, Snowflake, Unity, DoorDash, Roblox and Coupang, the largest US IPO so far this year.”

Image source: Shutterstock

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