The auction house Sotheby’s has launched a platform dedicated to collectors of digital objects and has announced a bi-annual sale.
The auction house Sotheby’s has inaugurated a platform and a bi-annual sale dedicated to NFTs, a sign of its commitment to this field.
An NFT is a digital object that can be a drawing, an animation, a piece of music, a photo or a video with a certificate of authenticity created by blockchain technology. This authentication by a network of computers is considered tamper-proof. Almost unknown until a year ago, NFTs now represent 2% of the global art market.
Sotheby’s has been selling NFTs for some time now. In July, it sold the source code for the World Wide Web for $5.4 million.
With the launch of its platform and bi-annual auction, Sotheby’s aims to further expand its presence in the NFT sector. To meet its ambitions, the auction house will open a metaverse, in which buyers will be able to create a personal profile, with an avatar designed by crypto designer Pak.
Buyers will also be able to make payments in fiat currencies or crypto-currencies, including Ethereum, Bitcoin or USDC.
The first NFT auction in the auction house’s history will take place from 18 to 26 October. It will be titled ”Natively Digital 1.2: The Collectors”, and will feature 53 lots, including works by Pak, Rare Pepe and Larva Labs.
Read also > NFT SALES REACH $10.7 BILLION IN THE THIRD QUARTER
Featured photo : © Wikimedia Commons
