THE MARKET IS ALWAYS OPEN: Clutch Markets Airdrops StonkBrokers $68K Worth Of Tokenized Apple, Amazon, And Nvidia In Their First 2 Days!

The New York Stock Exchange may have been closed on Sunday, but StonkBrokers were still clocking in and earning tokenized stocks on Robinhood Chain. And Clutch Markets says this is only the beginning.

Less than two days after Clutch Markets' StonkBrokers officially launched on Robinhood Chain, the collection's 4,444 brokers have turned the blockchain into a bustling trading floor, distributing more than $68,000 USD worth of tokenized Amazon, Apple, and Nvidia stock to activated holders.

 

 

As the Gazette previously reported, each StonkBroker NFT has its own token bound wallet and is tied to a fungible token called $STONKBROKER through Clutch Markets' Anvil technology. Rather than acting as just another collectible, every StonkBroker is designed to hold tokenized stock inside its own wallet. After activating a StonkBroker for a small fee, collectors become eligible to receive tokenized stock airdrops funded through the collection's marketplace royalties.

“You could argue an NFT holding 1 Amazon stock is the most valuable NFT in history if you look at prospects of what could happen 10-20 years from now,” Clutch Markets Founder 0xSimpleFarmer said on Spaces. “it creates an internal hedge against crypto in the asset itself, which I think is a nice feature.”

 

While this weekend's stock distribution was huge, it's only Phase 1 of Clutch Markets' broader vision for the StonkBrokers ecosystem that could change the way things are done in crypto.

Looking ahead, 0xSimpleFarmer plans to launch a token launchpad on Robinhood Chain designed to benefit the StonkBroker community by giving collectors ownership over the trenches instead of following the traditional crypto model, where teams and KOLs take home most of the value.

“Launchpad’s generate a huge amount of fees. Those fees are redistributed to the owners of the company or creators of the tokens, that’s actually not a great reinforcing flywheel,” he explained. “What that makes is this very top heavy model where the people who are the KOLs or curators slowly extract liquidity. My thought with StonkBrokers is this launchpad needs to exist because we need to increase that revenue level beyond the anvil and we do that by accessing one of the best revenue sources in crypto.”

 

According to Clutch Markets website, the StonkBroker Launchpad is currently scheduled to go live on Wednesday, July 29, at 8 p.m. ET.

For more information on the project, check out Clutch Markets StonkBrokers website here: https://www.stonkbrokers.cash/launcher

The Gazette will continue to follow StonkBrokers and Clutch Markets as the project prepares to launch Phase 2 later this month. Stay tuned for updates!