NYSE Joins NFT Craze By Launching “First Trade” Tokens

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Since its meteoric rise that garnered the attention of celebrities, tech moguls and storied auction houses, the non-fungible token (NFT) space has taken another giant stride. Earlier this Monday, the New York Stock Exchange (NYSE) announced that it had minted six NFTs to commemorate notable public listings in the past. 1/6: It’s a major milestone when a company lists on the NYSE and begins trading for the first time. Today, we’re celebrating that moment by launching NYSE First Trade NFTs. https://t.co/jyZjzESP7P Why are we doing this? — NYSE (@NYSE) April 12, 2021 Dubbed “First Trade”, these non-fungible tokens will go on sale as digital memorabilia of public debuts by companies. The first collection of NFTs will feature Spotify, Snowflake, Unity, Doordash, Roblox, and Coupang. Many of these companies have been monumental achievements for the world’s largest stock exchange. Snowflake, for example, set the record as the largest software IPO in…

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