The New York Stock Exchange supported the NFT by issuing intangible tokens to commemorate the first deal in well-known US stocks.
In a Tuesday announcement, New York Stock Exchange President Stacy Cunningham described NFT as an “exciting new way to celebrate the moment” of the company’s first deal on the New York Stock Exchange.
The New York Stock Exchange’s first six NFTs represent the first deals of Spotify, Snowflake, Unity, DoorDash, Roblox and Coupang, with Cunningham confirming that “there will be many NFTs on the New York Stock Exchange.”
The first NFTs are already listed on the Crypto.com NFT marketplace, and the tokens feature a 10-second video that provides information about the company’s first deal, including the time, date, and listing price.
Spotify’s New York Stock Exchange First NFT Deal: Crypto.com
The NYSE announcement sparked controversy on social media: Twitter user Aaron said that when he read the news, “he had to check the calendar to make sure it wasn’t April 1st.”
Twitter’s infamous Bit Lord troll was less politicized in its wording:
“Clowns you didn’t even convert BTC into dollars, get rid of the crooks from the chart.”
Alex Gossman, founder of retail platform NFT NFTX, noted that he could not find a contract address for NYSE Tokens, adding, “It looks like this is the least cool technical approach. Just buy the stock.”
While NYSE’s NFT listings have not received any orders yet, similar codes from competing publications including Forbes, Time and The New York Times have sold for hundreds of thousands of dollars this year.
NFT Forbes’ first issue with the cover of the latest issue of The Winklevoss Twins owners and billionaires sold Thursday for $ 333,333. Time magazine has released nine NFTs to date, and each NFT cover has sold between $ 100,000 and $ 250,000.
In March, a column in The New York Times focused on philanthropy, raising more than $ 550,000 to the New York Times in need.