Today, StockX CEO Scott Cutler announced NFTs are now available on StockX. We’ve shared just the beginning of Scott’s announcement, but find his full remarks in the Newsroom.
For years, people have come to StockX to discover, consume and invest in current culture. Current culture sits at the intersection of fashion, sports, and music, but its boundaries are far more expansive, touching on a diverse range of subjects from gaming to art to next-gen investing.
StockX was built on stock market mechanics to provide buyers with seamless access to in-demand products and unlock economic opportunity for sellers. Our marketplace is centered on authenticity, liquidity, and market visibility, with pricing based solely on supply and demand. As a result, StockX has become the global platform to trade and consume current culture.
To date, unlike traditional stock exchanges, the millions of orders executed on StockX involve physical products moving from sellers to StockX for authentication, and then ultimately to buyers to be worn, collected, resold, or simply held as an alternative investment. We’ve always known that this was just the beginning.
Today, we’re launching Vault NFTs, an experience where our customers can invest in NFTs tied to physical products and trade them instantly with lower fees. We believe that the physical items that trade on our platform are part of a new alternative asset class that can be uniquely associated with NFTs.
To read the rest of what StockX CEO Scott Cutler has to say about NFTs on StockX, click below.