Luxury auction house Sotheby’s has announced the addition of a new store that allows digital art collectors to purchase secondary NFTs.
While many existing NFT stores accept peer-to-peer digital art markets, the market tries to differentiate itself by offering a “changing selection of top artists.” taken by Sotheby’s”.
All NFT sales on Sotheby’s Metaverse platform are through smart contracts that allow digital art collectors to pay for their art and collections with a choice of Ether ETH ($1,828) or polygons
MAT ($0.9545).
Sotheby’s also said that it will honor the royalties of the artists through a smart contract on the second market platform and pay the artists automatically based on the royalty rate they choose to choose. Based on the May 1 of Stritby on Twitter, and it will be that Pseudonym Xcopy is working, Clairy Company, Tyler Hobbs and Hackler.
The Gift of 279–eyovers British paying it in NFFs and NFFs and April 2021, when she sells digital digital services. Since then, the art gallery has a record number of digital art sales.
On June 11, 2021, Sotheby’s sold the rare CryptoPunk known as the “Covid Alien” for a staggering $11.8 million. Just three months later, on September 10, Sotheby’s hosted the 101 Bored Ape NFT event that cleared a total of $24 million. In November 2021, Sotheby’s held the largest NFT charity auction in history, selling 140 rare NFTs to raise funds for the non-profit medical organization Sostento.
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