As the NFT market grows, there is a movement to enter the NFT marketplace that deals with it. Competition in the NFT marketplace industry, where OpenSea dominated, is expected to intensify as not only cryptocurrency exchanges but also stock exchanges and big tech companies come forward.
According to foreign media such as CoinDesk on the 17th, the New York Stock Exchange (NYSE) recently hinted at the possibility of entering the NFT marketplace. NYSE submitted an application for trademark rights to the USPTO on the 10th to provide online marketplaces for NFT, cryptocurrency, and digital products.
NYSE mentioned in the application data that it wants to become a cryptocurrency and NFT exchange that competes with existing NFT exchanges such as OpenSea and Lalibble. However, they said in a later statement, “We do not plan to immediately start trading NFT or cryptocurrency,” adding, “We will regularly consider the impact of new products on our trademark rights and protect our intellectual property rights accordingly.”
This is not the first time NYSE has attempted to enter the NFT market. NYSE issued six NFTs as the “First Trade” series in April last year to commemorate major IPO such as Roblox, Spotify, and Coupang. Coindesk said, “With this trademark application, it has become clear that NYSE can have more ambitious plans for NFT.”
