Collectible tokens are in development by the Crypto.org Chain blockchain. There is a marketplace in which they find auctions and allows purchases with credit and debit cards.

The New York Stock Exchange (NYSE) joins the fever for NFTs or non-fungible tokens. On its website, it promotes the auction of six digital collectibles issued by the entity.

These unique tokens represent six major milestones this stock market recently went through: the Spotify, Snowflake, Unity, DoorDash, and Roblox listings, as well as the launch of Coupang, which was the most extensive initial public offering in the United States so far in 2021. The tokens are reportedly in issuance, although they have not yet been in stock for sale.

These art pieces consist of a 10-second video showing the date the stock appeared on the NYSE list, the launch price, and the ticker.

The auction will happen in the Crypto.com marketplace, a centralized and regulated platform that permits NFT purchases with cryptocurrencies and credit and debit cards. To play a relevant role in the auction, it is necessary to previously achieve a KYC process (know your client) that requires verifying personal identity through documentation.

Crypto. org Chain, According to its Developers, is Non-permissive, Open-source, fault-tolerant, and with Minimal fees

The New York Stock Exchange’s collectible tokens are like all the NFTs in the auction in the marketplace. They are a development work in the Crypto.org Chain. Its developers say this blockchain is non-permissive, open-source, fault-tolerant, and with minimal fees.

The start date of the auction remains unclear, and there is no report on the matter, nor the price these collectible tokens will have once they face their launch. Seeing the addresses of contracts of these supposedly issued NFTs is also impossible.

The latter drew criticism from the founder of the decentralized NFT marketplace on Ethereum, NFTX. “I spent 10 minutes looking for the addresses of these NFTs before I gave up,” Alex Gauman wrote on his Twitter account.

The Developer Raised Some Harsh critics About NFTs

This developer and entrepreneur also attacked NYSE collectibles from an artistic point of view: “Who the hell would want to buy an NFT on a stock exchange commemorating an initial public offering? That’s the least cool and artistic thing that ever was. Just buy the shares.”

The truth is that the world of NFTs admits the most varied creations, and there is a market of suppliers and demanders who are attracted to these works. The issuance of digital collectibles by the P&G company, with drawings of toilet paper rolls, had the most expensive token in this collection with a value of more than $ 3,300.

The New York Stock Exchange dates its foundation in 1792 and is the world’s biggest stock market by monetary volume. Cryptocurrencies are something more common for this bicentennial entity that, in 2015, launched the NYXBT indicator, which represents the dollar value of 1 bitcoin.

By: Jenson Nuñez

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