New York Stock Exchange Hints at NFT Trading in Latest Filing

[NFT_QUEEN]

New York Stock Exchange Hints at NFT Trading in Latest Filing

 

Key Takeaways

 

• The New York Stock Exchange has filed a trademark application with the U.S. Patent and Trademark Office.
• The document reveals the stock exchange may one day operate an exchange for NFT trading.
• The NYSE said it has no near-term plans to offer customers a trading service focused on NFTs.

 

The New York Stock Exchange may be interested in operating an NFT marketplace.

 

NYSE Reveals Interest in NFTs

 

The New York Stock Exchange has signaled that it may venture into the world of cryptocurrencies and non-fungible tokens. 

 

A trademark application dated Feb. 10 filed by the NYSE with the U.S. Patent and Trademark Office reveals the stock exchange is looking to provide an “online marketplace for buyers, sellers, and traders of downloadable digital goods authenticated by non-fungible tokens (NFTs).” The document also references potential business offerings around “digital collectibles,” “cryptocurrencies,” and “digital art.”

 

Over the past year, NFTs have exploded in popularity and found mainstream adoption. More than $25 billion worth of NFTs were traded during 2021, a large part of which came from collectible avatar projects like Bored Ape Yacht Club and digital art collections such as Art Blocks. 

 

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