The Sotheby’s auction house is launching its own marketplace with the NFT
2 min readSotheby’s, one of the world’s largest and most trusted art and luxury goods markets, has announced the launch of its own non-interchangeable token market (NFT) called “Sotheby’s Metaverse”.
The Sotheby’s auction house has its own marketplace with the NFT
Founded on March 11, 1744 in London, Sotheby’s enters the world of digital collectibles by launching Sotheby’s Metaverse Marketplace for digital art collectors, offered by the NFT’s curated selection.
According to the report, Sotheby’s Metaverse will auction the NFT and, in addition to ETH, BTC and USDC, will also accept fiat currencies. The auction house will offer NFTs created on ETH as well as blockchains that are compatible with the ETH Virtual Machine, theoretically opening the door to networks such as Polygon and Binance Smart Chain.
Sotheby’s Metaverse was launched on October 14, and the first NFT collection to go on sale on this new platform is called “Native Digital 1.2: The Collectors“(Abbreviated” ND1.2 “). ND1.2 consists of “53 pieces of culturally significant works of art from the vaults of 19 collectors”.
Sotheby’s Metaverse was created in collaboration with Mojito, an NFT studio and technology platform that designs, supplies and operates the NFT marketplace for leading IP brands and holders.
Michael Bouhanna, Sotheby’s director of digital art sales, said
“With Sotheby’s Metaverse, we will create a new ecosystem that will serve as a venue for the most sophisticated digital art sales and auctions, placing Sotheby’s at the heart of some of the most important activities in the NFT sector.”
