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New York Stock Exchange plans to become a market for non-fungible tokens

by Alexandra Hartman Editor-in-Chief

intervention New York Stock Exchange area Irreplaceable icons The plans for crypto-asset are similar to what you do for stocks.

The New York Stock Exchange said in a regulatory statement submitted to the US Patent and Trademark Office that it wants to become a financial exchange for cryptocurrency and non-fungible tokens to compete with the likes of OpenSea and Rarible Inc.

The data, dated February 10, outlines plans to launch a NYSE-branded cryptocurrency and a marketplace to buy, sell and trade non-fungible tokens.

In a statement, the NYSE said it had no immediate plans to launch cryptocurrency or trade non-fungible tokens, but “we are constantly studying new products and their impact on our brand and protect our intellectual property rights accordingly.”

Last year, the exchange issued its first non-fungible token to commemorate important initial public offerings such as the listings of Spotify Technology, Snowflake Inc., Unity Software Inc and Roblox Corp.

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