The New York Stock Exchange (NYSE) has not escaped the NFT craze. The exchange will create six non-fungible tokens (NFT) dedicated to the first trading of shares of some companies.
The NYSE has unveiled a set of NFTs, symbolizing the issuance of shares of six companies: Coupang, DoorDash, Roblox, Snowflake, Spotify and Unity. Collectible tokens called “First trades” are designed to “preserve for posterity” the listing of these shares, selected according to unknown criteria.
Each NFT captures the moment when the organization received the status of a public company: information about the first transaction, the time and date of its execution, as well as the price of the first transaction. Tokens will be presented on the Crypto.com platform. The stock exchange announced that it is open to innovation and intends to promote the development of NFT. The NYSE plans to issue more of these tokens in the future.
Now anyone can start creating unique tokens: actors, musicians and art workers. Therefore, the cryptocurrency community did not support the idea of the NYSE, believing that by doing so, the “helmsman” of Wall Street seeks to make even more money. CoinShares Development Director Meltem Demirors
wrote on Twitter that “nobody asked the exchange about it.” Messari co-founder Dan McArdle says that many hardened gamblers like the NYSE are starting to develop lost profit syndrome (FOMO). They try to get involved in NFT by any means, even if it does not bring obvious benefits.
Litecoin creator Charlee Lee recently called the NFT industry a “bubble” compared to the ICO hype in 2017. However, Vitalik Buterin believes that the potential of this industry can be developed by using collectible tokens for charitable purposes.
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