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NYSE launches ‘First Trade’ NFTs

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Shivangi Mujumdar Follow

CBW -External Analyst

INDIA

Apr, 19 2021

Apr, 19 2021

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The New York Stock Exchange announced Monday (12-Apr.-21) that it would launch “First Trade” NFTs, to remember the true first trade of Spotify, Snowflake, Unity, DoorDashRoblox and Coupang. 

 

By this, the NYSE First Trade NFT honours that unique moment in a company’s history.

At the NYSE, we love to rejoice in moments. It appears fitting to launch our own NYSE First Trade NFTs as a novel, fun way to spot the moment a company links the NYSE. 

 

Currently, we are announcing the first NYSE NFTs. It is OK to search for the description of an NFT, which looks for Non-Fungible Token. I know I did the main time I heard the term. 

 

NFTs capture a moment in while. They memorialize that minute using the Blockchain digital ledger and deliver irrefutable proof of genuineness and ownership. 

 

As a company’s market maker unlocks trading in their stock for the leading time, its CEO strikes the NYSE First Trade bell, proclaiming the company’s official entrance on the public markets. 

 

Our first-class of NYSE NFTs rejoices in the First Trades of these prominent listings: Spotify, which performed the first-ever Snowflake, Direct Listing, Unity, Roblox and Coupang, Doordash, the biggest U.S. IPO so far this year! 

 

While we are opening with these six, we know there will be several more NYSE NFTs to come as we continue to relax new, innovative companies in our community. 

 

Additional Information: 

 

Twitter CEO Jack Dorsey vended the first-ever tweet for over $2.9 million on the “Valuables” policy run by Blockchain company Cent. In the meantime, auction house Christie’s sought offers on a virtual work from the performer Beeple which ultimately sold for $69 million. 

 

Only one of those mails marks the NYSE First Trade: the exact second a company became public, making an opportunity for others to share in their achievement,” exchange president Stacey Cunningham mentioned in a LinkedIn post. 


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Shivangi Mujumdar

CBW - External Analyst

INDIA

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