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New York Stock Market Wants to Become a Marketplace for NFTs and Crypto – BTC Direct

The New York Stock Exchange (NYSE) aims to become a marketplace for NFTs and crypto, just as it is now for stocks. This is according to an application to the US Patent and Trademark Office.

The NYSE is proving to be a step ahead in getting started with digital assets. The market aims to become a financial exchange for cryptocurrencies and NFTs, which could compete with platforms like OpenSea. Exactly what this would look like is not clear, but it will be a big step for NFT and crypto adoption.

Proprietary NFTs

The market is no stranger to NFTs and crypto. It has even minted all of its own NFTs. They did this to celebrate the listings of notable companies, including Spotify and Roblox. Stacey Cunningham, the chairman of the NYSE, spoke about this on her LinkedIn page.

“Today we are announcing the first NYSE NFTs,” the chairman said in April. “It’s OK to look for the definition of an NFT, which stands for Non-Fungible Token. They commemorate that moment using the blockchain’s digital ledger, providing irrefutable proof of authenticity and ownership.”

“At the NYSE, we love to celebrate moments. It seems appropriate to launch our own NYSE First Trade NFTs as a new, fun way to mark the moment a company joins the NYSE,” said Cunningham.

In this post, she also wrote that they are starting with six NFTs. Cunningham said many more NFTs will follow as we continue to welcome new, innovative companies to their communities. The NYSE NFT’s website shows that this has not yet happened, as there are only six pieces left. Perhaps the current news can breathe some new life into it.

The Intercontinental Exchange (ICE), which includes the New York Stock Exchange, has its own crypto business. Bakkt, a platform where you can buy, sell and store digital assets, is also part of ICE. This platform can be found on the NYSE under the ticket BKTT. In October, this share rose 300% after a partnership with Mastercard.

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