The New York Stock Exchange, or NYSE, jumped on the NFT bandwagon by celebrating non-flammable signs to celebrate the first trading in shares of prominent US companies.
In an April 13 announcement, NYSE President Stacey Cunningham described NFTs as a ‘new, fun way to mark the moment’ of a business’s first trade on the NYSE.
The first six NYSE NFTs to commemorate the first deals for Spotify, Snowflake, Unity, DoorDash, Roblox and Coupang, with Cunningham confirming that “there will be many more NYSE NFTs to come.”
The first NFTs are already listed on the Crypto.com NFT market, with the tokens offering a ten-second video clip containing information about the company’s first trade – including the time, date and listing price.
NYSE’s announcement received mixed reaction on social media, with Twitter user “Aaron” say he had to “check the calendar just to make sure it was not April 1st” while reading the news.
The infamous crypto Twitter troll “Bit Lord” was less political with his phrasing:
“Your fools did not even list $ BTC, go away from my timeline scammers.”
Alex Gausman, the founder of the NFX platform for non-flammable token fractionalization, noted that he could not find the contractual address for NYSE’s tokens. addition: “It’s like the least cool / artistic thing ever. Just buy the stock. ”
While NYSE’s NFT listings are not yet available, similar tokens issued by competing publications, including Forbes, Times and New York Times, have been sold for hundreds of thousands of dollars this year.
The Winklevoss twins sold Forbes’s first NFT on April 8 this year with its latest cover featuring Gemini owners and billionaires. Times Magazine has released nine NFTs so far, and each individual NFT cover sells between $ 100,000 and $ 250,000.
A New York Times column was signed in March for charity and raised more than $ 550,000 for NYT’s Neediest Case Fund.