The New York Stock Exchange Is Aiming to Head the Non-Fungible Realm by Launching Its NFT Marketplace

OpenSea and Rarible must be under pressure in recent days, as one of the world's most influential stock exchanges, NYSE, has filed the application with the US Patent and Trademark Office. According to the document, New York Stock Exchange is tending to run its blockchain-based platform, providing users with a full range of crypto services, including:

  • trading non-fungible tokens;
  • the marketplace for buyers, creators, and traders of digital items and NFTs;
  • the digital currency exchange, which may include trading and staking cryptocurrencies, digital assets, crypto tokens, governance tokens, and NFTs.

What's more important, NYSE has tons of expertise in trading physical shares of global brands, including McDonald's, Walmart, Roblox, etc. These titans have already claimed their presence in the Metaverse and have long been in the middle of cryptocurrencies and the NFT craze. So, no one will be surprised if big businesses entrust NYSE with their digital assets, alongside physical shares.

On top of that, New York Stock Exchange is not new to blockchain. Last April, NYSE released a 6-piece collection of NFTs dedicated to the shares of tech unicorns, including Spotify, Roblox, Coupang, and others. At the time, the NYSE authorities stated that they were not selling but only creating NFTs for commemorative purposes.

But the current state of affairs proves the opposite – NYSE is heading to the metaverse with an ambitious goal: to become the world's best NFT marketplace.