New York Stock Exchange has Filed a Metaverse Trademark for Trading NFTs

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Key Takeaways:

  • On February 10, NYSE has filed an application with Uspto for entering the Metaverse.
  • Kondouidus says that this application proves that Metaverse exists.
  • The application wants to register NYSE as an “online marketplace” and “Virtual currency financial exchange” for NFTs. 

Today, Michael Kondoudis has shared a tweet revealing New York Stock Exchange’s plan to enter the metaverse by applying on February 10. 

The New York Stock Exchange is set to trade NFTs in the metaverse and has filed a trademark with the U.S. Patent and Trademark Office, Uspto. The application number is 97261560, and it holds a request to register “NYSE” for different digital currencies and others like “downloadable virtual reality, augmented reality and mixed reality software; as well as to enable users to experience virtual reality and augmented reality visualisation, manipulation and immersion.”

The NYSE application mentions all areas of cryptocurrency, however currently of the metaverse. It states that it wants to register as a “provision of an online marketplace for buyers, sellers and traders of downloadable digital assets authenticated by non-fungible tokens (NFT)” and also as “downloadable software for digital, virtual and cryptocurrency wallets and storage; downloadable computer software and application programming interface (API) to enable users to access, hold, store, display, purchase, sell and trade virtual and digital assets, works of art, collectables and non-fungible tokens”. The application also mentions the NYSE’s wish to get registered as “Virtual currency financial exchange in the field of digital currency, virtual currency, cryptocurrency, digital tokens, cryptographic tokens, utility tokens and non-fungible tokens (NFTs)”. 

Kondoudis said, “The filing is the latest confirmation that Metaverse is real and companies should plan accordingly. Companies no longer need to wonder if it’s going to happen. It’s just a matter of when <…> The NYSE is compensating by taking a proactive and forward-looking approach to ensure that it is the leading financial exchange in the Metaverse….”

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Shreya Bhattacharya

A journalist & writer exploring new topics every day!