Are you crypto or NFT investor? If yes, then the news we have might be quite shocking for you. You must have heard about the NYSE, New York Stock Exchange. Yeah, the one among the largest Stock Exchanges in the world. NYSE has decided to open up the NYSE NFT Marketplace.
Yes, soon you will be able to trade Crypto and NFTs on the NYSE NFT Marketplace. For the record let us tell you that the NYSE is also known as “The Big Board” and is the biggest Stock exchange in the world when it comes to Market Capitalization. Don’t believe us, we are here with the stats as well. If you calculate the Market Calculation of the companies listed on the Stock exchange it comes out to be the US $30.1 Trillion.
Well, the New York Stock exchange has decided to jump into Crypto and the NFT trading and filed a patent that indicates that soon we will be able to see the NYSE NFT Marketplace.
Here we are with the article that will clear all your doubts about the news. So, let’s not waste much of your time and start with a detailed overview of the news.
NYSE NFT Marketplace
The New York Stock Exchange has filed an online marketplace application for digital goods with the USPTO (U.S Patent and Trademark Office).
This clearly indicates the NYSE plans about opening the NFT Marketplace. If this happens, you will soon see the NYSE NFT Marketplace competing with the Best NFT Marketplaces available globally.
The Stock exchange has registered for the name “NYSE” for the blockchains and crypto-related products.
Things To Be Traded On The NYSE NFT Marketplace
The filing of the trademark with the USPTO has made the intentions of the NYSE quite clear. If you are an NFT or a Crypto investor, you must be eager to know what all things you will be able to trade on the Marketplace.
As per the application filing, the users will be able to trade digital goods. These digital goods include digital media, Cryptocurrency, Artwork, and NFTs.
NYSE Past Record With NFTs
If you have tracked the NYSE for a long time then we don’t think you will be surprised to hear the news of NYSE NFT Marketplace. Obviously, the news is great but, the NYSE love for NFTs can be tracked way back from April 2021.
Let us remind you that the Stock exchange has minted the NFTs of the six hot tech stocks in 2021. These tech stocks include Spotify, Snowflake, Unity, DoorDash, Roblox, and Coupang.
However, the NYSE did not sell the NFTs, it said that the NFTs are created for the minting purpose only.
The NYSE NFT Interest
As we told you above, NYSE already minted six NFTs. However, the Stock exchange is also looking forward to making more of these. How do we know? Well, look at the statement on the company’s website.
“We are starting with these six, but we know there will be many more NYSE NFTs to come as we continue to welcome new, innovative companies to our community.”
The statement makes the NYSE’s interest in the NFT market quite clear.
As we know that the Stock Exchange hasn’t sold the NFTs that they have minted. So, there are also chances that the filing of the NYSE name with USPTO is a way to just show the interest of New York Stock Interest in the crypto and NFT era.
Nothing can be said with conviction. Every expert has his own opinion. For the exact news, we have to wait for the update from the NYSE itself.
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