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New York Stock Exchange files trademark application for NFT marketplace

The New York Stock Exchange has filed an application to register the term 'NYSE' for a marketplace for non-fungible tokens (NFTs)

The NYSE would compete with SuperRare, Rarible and NFT marketplace giant OpenSea. Photo: Reuters
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The NYSE would compete with SuperRare, Rarible and NFT marketplace giant OpenSea. Photo: Reuters

Reuters
The New York Stock Exchange has filed an application to register the term ‘NYSE’ for a marketplace for non-fungible tokens (NFTs), taking a step closer to setting up an online trading place for cryptocurrencies and NFTs. The hype around cryptocurrencies last year spilled over to NFTs, a form of speculative investment that has attracted fans including former US first lady Melania Trump and Jamaican sprint great Usain Bolt. 

Companies involved in this sector have also been backed by heavyweights Microsoft and SoftBank Group.

If the NYSE launches a new marketplace, it would compete with SuperRare, Rarible and NFT marketplace giant OpenSea, which

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First Published: Feb 17 2022 | 10:58 PM IST

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