NYSE wants to be marketplace for NFTs just like with stocks

The New York Stock Exchange is entering into the nonfungible tokens market with plans to do for digital property what it does for shares.

The NYSE stated in a regulatory submitting with the US Patent and Trademark Workplace that it needs to be a monetary change for cryptocurrencies and NFTs that might compete with the likes of OpenSea and Rarible Inc. The submitting, dated Feb. 10, indicated plans for a NYSE-branded cryptocurrency and a market to purchase, promote and commerce NFTs.

In a press release, the NYSE stated it has no rapid plans to launch cryptocurrency or NFT trading however “repeatedly considers new merchandise and their influence on our logos and protects our mental property rights accordingly.”

The change final yr minted its first NFTs, memorializing noteworthy preliminary public choices together with that of Spotify Expertise SA, Snowflake Inc., Unity Software program Inc. and Roblox Corp.

Keep on high of technology and startup news that issues. Subscribe to our every day publication for the most recent and must-read tech information, delivered straight to your inbox.