NYSE Trademark App for Trading NFTs

The NYSE registered a trademark app with the U.S. Patent and Trademark Office. It booked the name “NYSE” on several blockchains and products and services related to cryptocurrencies. These items include virtual reality and augmented reality software, NFTs, and online markets.

According to the application, the financial exchange will provide downloadable virtual goods for both NFTs and digital collectors; It will also be possible to authenticate data on NFTs using field blockchain technology. It is worth noting that this is not the NYSE’s first attack on both Metaverse and NFT. In April 2021, six NYSE NFT minted to mark the first trade of Unity, Spotify, DoorDash, Snowflake, Roblox.

The NYSE said on the company’s official website that there would be many more NYSE NFTs. They added that the firm is open to new, innovative companies in the community. This app indicates NFT market launch plans for buyers, sellers, and traders of digital assets, collectors, works, and indispensable marks.

There is also a part detailing crypto deal services. This will facilitate the financial exchange of virtual currency. In addition, the app includes both downloadable and non-downloadable virtual reality, enhanced application programming interface, or API.

The New York Stock Exchange follows several other public companies; Who applied for a trademark to protect their brands and celebrate the study of blockchain and NFTs. McDonald’s registered a trademark app to offer restaurants in Metaverse. Also, a Disney patent for interactive theme park visitors has already been approved.

Walmart in Metaverse

At the same time, it looks like Walmart is preparing to enter the meta-version by filing a patent. This even indicates that the company plans to create its NFT collection. Walmart filed several new trademarks at the U.S. Patent and Trademark Office on December 30th. The company filed seven patent applications at the time; Three of them are under its existing Walmart Connect advertising division. The apps included plans to create and sell virtual goods. Also mentioned are digital currency and tokens buying and selling opportunities for NFTs.

A separate app offers trademark marking of the Walmart brand name and logo in V.R. and A.R. However, with the possibility of introducing physical exercise services. In August, the retail giant announced a vacancy for “Digital Currency and Crypto Product Leader to implement a digital currency strategy. In October, Walmart partnered with Crypto ATMs to install 200 Bitcoin ATMs in its stores across the U.S. Moreover, Walmart has been using blockchain technology for supply chain management since 2018 for intelligent devices and consumer markets.

Analysts estimate that Metaverse could offer $8 trillion in retail opportunities. In the third quarter of 2021, firm sales seized $11.1 billion. Walmart is the largest private employer in the U.S, with a market capitalization of over $406 billion.