The New York Stock Exchange, or NYSE, picked up the NFT’s popularity by minting non-fungal tokens to mark the first major US stock deal.
In an April 13 announcement, New York Stock Exchange President Stacy Cunningham described NFT as “a fun new way to celebrate” the company’s first trade on the New York Stock Exchange.
The first six NFTs on the NYSE marked the debut agreements for Spotify, Snowflake, Unity, DoorDash, Roblox and Coupang, with Cunningham confirming that “there will be more NFTs on the NYSE in the future”.
The first NFTs are already listed on the NFT Crypto.com market, with a 10-second video posted on tokens describing the company’s first deal, including time, date and listing price.
NYSE’s first NFT trade for Spotify: Crypto.com
The NYSE announcement caused controversy on social media, with Twitter user Aaron saying he “had to check the calendar to make sure it was not April 1” while reading the news.
The infamous Twitter dwarf Bit Lord was less politicized in its wording:
“Clowns, you did not even transfer $ BTC, get rid of the scammers on my timeline.”
Alex Gossman, founder of the non-fungible token segmentation platform, NFTX, noted that he could not find the name of the token contract on the New York Stock Exchange, adding: “This is the least cool / technical thing ever. Just buy the stock. ”
While NFT’s NYSE listings have not yet received any offers, similar codes from rival publications including Forbes, The Times and The New York Times have sold for hundreds of thousands of dollars this year.
The first NFT from Forbes, the latest release was presented to Gemini owners and billionaires, the Winklevoss twins were sold on April 8 this year for $ 333,333. The Times has so far released nine NFTs, each selling for between $ 100,000 and $ 250,000.
In March, the New York Times column was transformed into a charity, raising $ 550,000 for The New York Times Foundation for the Needy.