New York Stock Exchange, the largest stock exchange in the world, is all set to launch its first trade in six new Non-Fungible Token (NFTs). The first trade NFT launch is to memorialize the true first trade of Spotify, Unity, DoorDash, Snowflake, Roblox, and Coupang.
The release by the New York Stock Exchange reads,
Non-Fungible Tokens or NFTs, are a type of digital data stored on the digital ledger. The token facilitates the tracking of ownership of a virtual item using blockchain technology. These are used to represent unique items, for example, a piece of art or sports trading cards, videos, audio clips, or any type of digital file.
NYSE President Stacey Cunningham on LinkedIn mentioned that;
So far, the exchange has published six NFTs. However, the way to release more NFTs in near future is clear. A statement from NYSE President Stacey Cunningham reads;
In a direct listing, a company makes its debut by selling existing shares directly to the public instead of bringing in intermediaries.