Overview
- At a Times Square event, the former mayor said he is one of three creators of the NYC Token and stated Brock Pierce is not involved.
- The project’s site initially offered only slogans and a link to its X account, leaving governance, partners, and distribution plans unclear.
- Adams said proceeds are intended for nonprofits such as Combat Antisemitism, HBCU scholarships, and blockchain education to counter antisemitism and what he called anti-Americanism.
- He said he is not taking a salary at this time, while separate reporting noted the token itself had not yet debuted and led to multiple copycat listings on meme-coin launchpads.
- New Mayor Zohran Mamdani previously rescinded the city’s IHRA-linked antisemitism policy and said he would not buy the token.