Historic first trades with NFT series on NYSE

Historic first trades with NFT series on NYSE

By minting nonfungible tokens celebrating the first trade made in the shares of famous U.S Companies, the New York Stock Exchange, has jumped on the NFT bandwagon.

NFTs has been described as the new fun way to mark the moment of a company’s first trade on the NYSE by NYSE’s president, Stacey Cunningham.

Snowflake, Unity, Spotify, DoorDash, Roblox and Coupang are the first six  to trade on NYSE NFTs  and of which there will be many more on NYSE NFT according to Cunningham.

The first NFTs are already listed on Crypto.com’s NFT marketplace, with the tokens hosting a 10-second video clip presenting information about the company’s first trade — including its time, date, and listing price.

NYSE’s announcement received a mixed response on social media, with Twitter user “Aaron” saying he “had to check the calendar just to make sure it wasn’t April 1st” upon reading the news.

Infamous crypto Twitter troll “Bit Lord” was less political with his phrasing:

“You clowns haven’t even listed $BTC, get off my timeline scammers.”

Alex Gausman, the founder of nonfungible token fractionalization platform, NFTX, noted he could not find the contract address for NYSE’s tokens, adding: “That’s like the least cool/artistic thing ever. Just buy the stock.”

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