New York Stock Exchange prepares to make NFT but no one knows what to do

New York Stock Exchange prepares to make NFT but no one knows what to do

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A financial crash caused by Wall Street helped build the cravings for Bitcoin. Now, the New York Stock Exchange wants to cash in on its NFT desire.

Cryptocurrencies are not stocks. But will stocks now be crypto?

The New York Stock Exchange (NYSE) today announced it is issuing NFTS to commemorate the “first trading” of key stocks .Many crypto advocates are confused.

NYSE, US-based crypto exchange Crypto.com and issued non-fungible tokens , available through the Associated blockchain, representing six stocks : Coupang, DoorDash, Roblox, Snowflake, Spotify and Unity.

Who can forget where they were when Coupang started trading? There is no one at the moment, because the Korean e-commerce company's March 11 trade, and the largest IPO ever, is in digital format.

NFTs are unique, blockchain-based digital assets that grant the owner certain rights. It was used as property deed for artwork, music and virtual trading cards. And now, as proof that the irony is officially dead, digital tokens are being used to help Wall Street make more money.

In an attempt to find common ground with the crypto crowd, the NYSE suggested that Coinbase helped it go public on rival Stock Exchange Nasdaq this Wednesday.

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