JPMorgan Gave Away NFTs at an Event This Week. One Is Now Listed for 420 ETH

JPMorgan Gave Away NFTs at an Event This Week. One Is Now Listed for 420 ETH

JPMorgan has taken a dive straight into non-fungible tokens (NFT).

The megabank gave away the NFTs to attendees of its first “Crypto Economy Forum for TradFi Investors” occasion, which was held at the Wall Street large’s New York headquarters earlier this week.

None have traded to this point, in keeping with OpenSea, however one of many 69 homeowners of the NFT assortment put one up for sale for a whopping (and cheeky) 420 ETH, or $1.8 million.

“Wasn’t us, however thought it was humorous as a result of now it’s the ground worth for our free NFT,” mentioned somebody near the financial institution.

Speakers at the occasion included such large names because the FTX alternate chief Sam Bankman-Fried, Ava Labs founder Emin Gün Sirer and Coinbase CEO Brian Armstrong.

Meanwhile, JPMorgan CEO Jamie Dimon continues to throw shade on crypto, recently stating that digital currencies have no intrinsic value.

Whatever Dimon’s view, the so-called TradFi world is aping into decentralized finance (DeFi), NFTs and “Web 3″ at an alarming clip. The financial institution’s personal wealth division took a peek at NFTs in a report back in April.

The JPMorgan NFTs had been minted on Ethereum layer 2 community Polygon.

JPMorgan isn’t the primary financial institution to difficulty a commemorative NFT; Bank of America created one a couple of month in the past.

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