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New York Stock Exchange (NYSE) Mints Six 'First Trade' NFTs


www.cryptoglobe.com 12 April 2021 19:05, UTC
Reading time: ~2 m

On Monday (April 12), the New York Stock Exchange (NYSE), the world’s largest stock exchange by market cap of listed companies, announced that it has minted six “First Trade” non-fungible tokens (NFTs).

Here’s more details about what these NFTs represent:

These non-fungible tokens memorialize a company’s First Trade using the blockchain’s digital ledger and provide irrefutable proof of authenticity and ownership.

The First Trade is the exact moment a company becomes public, creating an opportunity for others to share in its success.

The NYSE says that it is doing this to “help drive this new wave of NFT innovation.”

The NYSE says that although it is starting with NFTs representing first trades of the following six companies, it plans to mint many more “first trade” NFTs:

… first class of NYSE NFTs celebrates the First Trades of these notable listings: Spotify, which executed the first ever Direct Listing, Snowflake, Unity, DoorDash, Roblox and Coupang, the largest U.S. IPO so far this year.

We are starting with these six, but we know there will be many more NYSE NFTs to come as we continue to welcome new, innovative companies to our community.

These six NFTs can be accessed on Crypto.com.

Featured Image by “Tumisu” via Pixabay.com

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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