The New York Stock Exchange (NYSE) has just launched its first set of non-fungible tokens (NFTs). The six NFTs, titled First Trades, are dedicated to the most important IPOs in the market's history. Each token reflects the moment a particular company went public. NYSE president Stacey Cunningham said:
"Only one of those messages marks the NYSE First Trade: the exact moment a company became public, creating an opportunity for others to share in their success. The NYSE First Trade NFT memorializes that unique moment in a company’s history."
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The NFTs in the collection are linked to the IPOs of Spotify, Snowflake, Unity, DoorDash, Roblox and Coupang. Each NFT is accompanied by a short video clip with information about the first deal, including the time, date and price at the time of the IPO. Cunningham added:
"We are starting with these six, but we know there will be many more NYSE NFTs to come as we continue to welcome new, innovative companies to our community."
According to sources, the NFTs have been donated to the respective companies. NYSE does not plan to sell its tokens.
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