The largest stock exchange in the world, called the NYSE or New York Stock Exchange, is going into the metaverse. Filed a trademark application with the U.S. Patent and Trademark Office to get the name “NYSE” registered as a trademark for a wide range of products in the metaverse and the non-fungible token (NFT) space.
Michael Kondoudis, a trademark lawyer, first told us about the application. He also broke the news that NYSE is going into the metaverse market.
NYSE applies for a trademark
The application talks about how to trademark NYSE for things like NFTs, cryptocurrencies, digital collectibles, and marketplaces where people can trade and exchange them. Kondoudis wrote that the application talks about how to do this.
The trademark application was filed on February 10, and it said that NYSE should set up a place for people to buy and sell downloadable virtual goods. Among other things, it will have NFTs and NFT series, digital collectible, tokens, and art. “Virtual reality” software and software to store digital, virtual, and cryptocurrency wallets are also talked about in the app.
The filing also included software and an application programming interface (API) that can be used to send, receive, sell, store, accept, buy, and exchange digital currency, virtual currency, cryptocurrency, and digital and blockchain resources.
NYSE Earlier Forayed in NFT’s
Not many people have heard of NFT’s. This is an example: The first trade in Spotify, Snowflake, Unity, DoorDash, Roblox, and Coupang’s shares was made on the American Stock Exchange in early 2021. NFTs of these trades were made in early 2021.
People from McDonald’s have also applied for trademarks for virtual restaurants and cafes, as well as virtual goods and events. The New York Stock Exchange isn’t the only one. Besides that, Walmart and Crocs have also filed applications that show that these trading groups want to sell virtual goods, digital assets, and NFTs.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.