NYSE files a metaverse trademark for trading NFTs

New York Stock Exchange (NYSE) files a trademark with Uspto that would allow it to, among other things, trade NFTs in the metaverse.

The New York Stock Exchange (NYSE) filed with the U.S. Patent and Trademark Office, Uspto, a new trademark application to register the term “NYSE” for various cryptocurrency and financial services products , including downloadable virtual goods, non-fungible tokens (NFT).

NYSE’s application, under number 97261560, expressly states that it is registering such trademark and logo among many other things as “downloadable virtual reality, augmented reality and mixed reality software; as well as to enable users to experience virtual reality and augmented reality visualization, manipulation and immersion.”

It is also registered as “downloadable software for digital, virtual and cryptocurrency wallets and storage; downloadable computer software and application programming interface (API) to enable users to access, hold, store, display, purchase, sell and trade virtual and digital assets, works of art, collectibles and non-fungible tokens,” among other functions.

The NYSE application expressly states to register such trademark and logo as “provision of an online marketplace for buyers, sellers and traders of downloadable digital assets authenticated by non-fungible tokens (NFT)” and as “Virtual currency financial exchange in the field of digital currency, virtual currency, cryptocurrency, digital tokens, cryptographic tokens, utility tokens and non-fungible tokens (NFTs)-.

The application covers all areas of cryptocurrency, but now in the metaverse.

In a Feb. 15 tweet, trademark attorney Michael Kondoudis revealed that the NYSE had filed an application on Feb. 10 and that the exchange is reaching into the metaverse, writing:

“A new application filed on the 10th says NYSE plans to trademark NYSE for NFTs, cryptocurrencies, digital collectibles and marketplaces to trade and exchange them.”

Kondoudis added:

“This filing is the latest confirmation that Metaverse is real and companies should plan accordingly. Companies no longer need to wonder if it’s going to happen. It’s just a matter of when <…> The NYSE is compensating by taking a proactive and forward-looking approach to ensure that it is the leading financial exchange in the Metaverse….”