This week the American investment bank, JPMorgan gave away NFTs to its 69 attendees at ” Crypto Economy Forum for TradeFi Investors”. And in no time one of the JPMorgan NFT got listed at a whopping 420 ETH or $1.8 million.
Image Credit: OpenSea
The story of JPMorgan NFTs
Recently, the investment bank’s conference, “Crypto Economy Forum for TradiFi investors” comprised of discussions on global economics, crypto and financial situation. In fact, the company is creating its digital coin, JPM coin, for payments and welcoming crypto from all aspects.
Additionally, the speakers in the event included many big names. Such as the FTX exchange chief Sam Fried, Ava Labs founder Emin Sirer and Coin base CEO Brain Armstrong.
Image Credit: JPMorgan
Withal, the company’s future prospects include exploring decentralized finance (DeFi), NFTs and Web 3. That’s not all, the bank’s private wealth division also surveyed NFTs back in April.
However, JPMorgan CEO Jamie Dimon is not a big fan of crypto. As he recently stated that digital currencies have no intrinsic value.
Whereas, the owner minted the JPMorgan NFT at Ethereum layer 2 network Polygon on OpenSea.
Clearly, with the megabank diving into the crypto movement, as well as, the price of NFT touching the sky, we can be sure crypto will mark its presence in almost every field possible.
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This article is educational material.
As always, make your own research prior to making any kind of investment.
