The NYSE Is Now Minting Its Own NFTs

The NYSE's first set of non-fungible tokens (NFTs) will memorialize the first trade slips of six companies - one of them is coupang from Korea.

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Everyone seems to be launching their own non-fungible tokens (NFTs) these days, and now the world’s largest stock exchange is joining the party.

The New York Stock Exchange recently announced that it is minting its own NFTs to celebrate the first trades of several big company listings.

The NYSE’s first class of NFTs are of Spotify (NYSE:SPOT)– the first ever direct listing — and then Snowflake (NYSE:SNOW), Unity (NYSE:U), DoorDash (NYSE:DASH), Roblox (NYSE:RBLX), and Coupang (NYSE:CPNG), which are some of the larger traditional U.S. initial public offerings (IPOs).

“Innovation is what we do at the NYSE. We were the first with Direct Listings and at the forefront of the emergence of SPACs [special purpose acquisition companies]. Now we want to help drive this new wave of NFT innovation,” NYSE tweeted following the announcement.

Bram Berkowitz
(2021.04.12) The NYSE Is Now Minting Its Own NFTs

retrieved from https://www.fool.com/investing/2021/04/12/the-nyse-is-now-minting-its-own-nfts/

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