Sotheby’s Releases Secondary NFT Marketplace
Sotheby’s has just unveiled its newest venture: an on-chain marketplace for digital art collectors to purchase secondary NFTs.
This platform will feature a rotating, curated selection of leading artists hand-picked by Sotheby’s specialists, and all sales will be conducted via smart contracts using Ether.
Additionally, the auction house is honoring artist royalties through these smart contracts, and will automatically pay them according to the rate they specify.
The launch of Sotheby’s Metaverse platform will feature works from 13 prominent digital artists, such as XCOPY, Claire Silver, Tyler Hobbs and Hackatao.
This foray into the NFT market follows the successful auction of a pseudonymous artist’s work in April 2021 and a number of other record-breaking digital art sales.
