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NYSE is also seeking to launch its personal cryptocurrency.
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The New York Inventory Trade has utilized for trademark licenses to launch metaverse, NFT and cryptocurrency-related merchandise, in accordance with a submitting with the US Patent and Trademark Workplace from Feb. 10.
Whereas NYSE denies it has imminent plans to launch digital merchandise, the licenses would enable the inventory alternate to create a digital market alongside its present alternate.
If accredited, NYSE may create a wholly new market for getting and promoting NFTs.
NYSE can also be searching for approval to launch its very personal cryptocurrency, though it’s unclear if it's going to transfer ahead with the token.
In a press release to The Put up, NYSE confirmed it was seeking to maintain onto licensing for brand new merchandise however demurred on a attainable timeline.
“The NYSE has no speedy plans to launch cryptocurrency or NFT buying and selling,” NYSE stated within the assertion. “The NYSE commonly considers new merchandise and their affect on our emblems and protects our mental property rights accordingly.”
This isn’t NYSE’s first try at moving into NFTs. Final 12 months it created a number of NFTs commemorating notable IPOs of firms, together with Roblox, Spotify and Snowflake.
![NYSE](https://nypost.com/wp-content/uploads/sites/2/2022/02/nyse-78.jpg?quality=90&strip=all&w=1024)
Within the final 12 months, NFT marketplaces have skyrocketed in worth. Fashionable NFT buying and selling platform OpenSea was valued at $1.5 billion in July — at the moment it’s valued at north of $13 billion. And extra typical exchanges like NYSE clearly need to get a much bigger piece of the profitable area.
After an NFT from artist “Beeple” scored $69 million in March 2021, a slew of NFTs have bought for eye-popping costs, together with Twitter co-founder Jack Dorsey’s first tweet, which went for $3 million later that month.
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