The prestigious auction house Sotheby’s has launched a new NFT platform with the theme of Metaverse.
The platform is called “Sotheby’s Metaverse” and was Announced along with the “Natively Digital 1.2: The Collectors” (ND1.2) auction that will take place between October 18 and 26. The auction consists of 53 lots of token art from the vaults of 19 curators.
– Sotheby’s Metaverse (@Sothebysverse) October 14, 2021
The curator list includes some of the best collectors in the NFT space like PleasrDAO, Pranksy, and 888 along with crypto-friendly stars like DJ Steve Aoki and the self-described “Boss-Babe” Paris Hilton.
“These collectors are people with deep histories and relationships in the digital art and media space, many of whom have been collecting long before NFTs became a common term and have helped build the ecosystem from scratch.” , points out the exhibition.
The platform accepts payments in Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC), along with credit card payments and bank transfers. Sotheby’s Metaverse is powered by Mojito, an NFT studio and blockchain technology platform that develops and operates NFT markets for brands and IP holders.
The ND1.2 collection features featured NFT projects such as Yuga Labs (Bored Ape Yacht Club), Dapper Labs (CryptoKitties), Art Blocks (Chromie Squiggle), and Ponderware (MoonCats).
Sotheby’s was founded in London in the mid-18th century and has since grown into a multinational giant that has expanded to 80 locations in 40 countries. The firm hosted its first NFT auction in April, partnering with digital artist known as “Pak” to sell $ 16.8 million in tokenized art.
In June, the auction house sold CryptoPunk # 7523, also known as “COVID Alien,” for a record $ 11.8 million, and last month held an auction with Yuga Labs for a collection of 101 NFTs from Bored Ape Yacht. Club that generated $ 24 million.
Sotheby’s is also no stranger to the early iterative metaverse. In June the signature Opened a virtual gallery in Decentraland showing the auction house’s New Bond Street Gallery in London.
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The structure was built in Decentraland’s Voltaire art district and featured London Sotheby’s Commissioner Hans Lomulder welcoming guests to the door, and the gallery showcasing the COVID Alien CryptoPunk and Smart NFT (iNFT) from Robert Alice.
The virtual metaverse has been making headlines lately, due in part to Facebook’s recent push to establish itself in the industry. Cointelegraph reported on Sept. 28 that Facebook is allocating $ 50 million to a two-year fund to support the company’s goal of building its own metaverse.
“The metaverse will not be built overnight by a single company. We will collaborate with legislators, experts and industry partners to bring it to life, ”Facebook said as part of its funding announcement.