New York Stock Exchange To Trade NFTs And Other Collectibles On The Metaverse 

More businesses and institutions continue to join the metaverse as the concept gains more global acceptance. 

The metaverse is a virtual representation of the physical world and promises to be packed with opportunities. Mega companies are vying for a space on the platform, and the New York Stock Exchange (NYSE) will not be left out.

NYSE Files For Trading Rights On The Metaverse

New York Stock Exchange, one of the largest marketplaces globally for trading securities, has announced its desire to trade cryptocurrencies, NFTs, and other digital assets.

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The Exchange Commission has filed a trademark application to register the term “NYSE.” The commission will trade crypto products and offer services related to digital assets.

The attorney of the exchange firm, Michael Kondoudis, announced on the 15th of February in a tweet. As stated in the tweet, the exchange applied on the 10th of February and has embraced the idea of the metaverse.

Mr. Kondoudis acknowledged the reality of the metaverse and urged businesses to embrace the opportunity. The metaverse is bound to happen; it is only a matter of time. The stock exchange is taking a futuristic and proactive approach to ensure the world’s largest exchange is on the metaverse. 

More Businesses Apply For Trademarks In The Virtual Space

Numerous organizations have filed for trademarks in the virtual world in the past weeks. One such organization is Victoria’s Secret, an American fashion brand that sells lingerie. As noted by Finbold, the fashion brand submitted four applications on the 13th of February for digital media and collectibles developed with blockchain technology. More also, the brand will introduce online clothes in the metaverse. 

Furthermore, giant restaurant McDonald submitted twelve applications on the 4th of February, citing cafés and virtual restaurants as some of its services in the metaverse.

The metaverse, a concept that became famous among technological firms, is now gaining widespread acceptance in other industries. Other notable companies that are carving out a niche for themselves include Meta, Microsoft, Apple, and a host of others.

Kondoudis noted that technology firms are not the only ones making the transition into the virtual space; other firms that are into fashion, catering, manufacturing of automobiles, and gaming are also making giant strides in that direction.

The New York Stock Exchange is proactive by positioning itself as an exchange form on the platform. This time, the exchange will not be trading securities but digital assets and collectibles. Users on the metaverse can visit the NYSE on the metaverse to buy and sell digital assets.

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