JPMorgan Gives Away NFTs, Gets Trolled in Process

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Wall Street banking behemoth JPMorgan Chase gave away a non-fungible token, only to get trolled by one enterprising recipient. 

According to a report by CoinDesk, JPMorgan recently gave away NFTs to attendees of its first “Crypto Economy Forum for TradFi Investors” event last, which was held at the Wall Street bank’s New York headquarters. The NFTs were reportedly minted on Ethereum layer 2 network Polygon. 

While none of the giveaway tokens have been traded, data from OpenSea shows that one of the 69 new owners is attempting to sell the token for a trollish price.

The report claims the user has put their NFT on sale for 420 ether, a common reference to marijuanna in the United States. 




An unnamed source close to JPMorgan said the joke sale “wasn’t us”, but had become the tongue-in-cheek new floor price for the bank’s free NFT. 

While the anonymous trader may have had fun at the banking giant’s expense, the event did feature a list of heavy-hitters in the crypto space. According to the report, speakers at the event included big names such as FTX CEO Sam Bankman-Fried, Ava Labs founder Emin Gün Sirer, and Coinbase CEO Brian Armstrong. 

Despite holding the event, JPMorgan CEO Jamie Dimon continues to be a non-believer in crypto and digital assets. The banking head recently said that digital currencies have no intrinsic value, just weeks after claiming that cryptoassets were “worthless.”

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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