The New York Stock Exchange (NYSE), the world’s largest stock exchange, has applied for a trademark to register the name “NYSE” for a variety of metaverse and non-fungible token (NFT)-related products with the United States Patent and Trademark Office (USPTO).
The application was first published by trademark attorney Michael Kondoudis, who stated that the NYSE “is coming to the Metaverse.”
“To trademark NYSE for NFTs, cryptocurrencies, digital collectibles, and markets to trade and exchange them,” Kondoudis stated in the application.
The new trademark application, which was filed on February 10, reveals that the NYSE plans to offer an online marketplace for buyers, sellers, and traders of “downloadable virtual products,” such as NFTs and NFT collectible series, digital collectibles, digital tokens, and digital art.
The filing also includes software for “virtual reality” and digital, virtual, and cryptocurrency wallets and storage.
“Software and application programming interface (API) for sending, receiving, accepting, purchasing, selling, storing, transmitting, trading, and exchanging digital currency, virtual currency, cryptocurrency, digital, and blockchain assets,” according to the document.
The trademark also lists “cryptocurrency trading services” that would assist the “financial exchange of virtual currency” in another part.
This isn’t the first time the American stock market has dabbled in NFTs. The New York Stock Exchange (NYSE) issued NFTs in early 2021 to commemorate the first transaction in the stocks of six important US startups, including Spotify, Snowflake, Unity, DoorDash, Roblox, and Coupang.
Meanwhile, as previously reported, McDonald’s, the world’s largest fast-food corporation, submitted 11 trademark applications earlier this month that contain direct allusions to virtual restaurants, cafes, concerts, and other virtual services, commodities, and events. Walmart and Crocs had previously submitted trademark applications indicating that they intend to sell virtual items, digital assets, and NFTs.
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