NFTs Revolutionizing the Auction World
Sotheby’s, one of the world’s most renowned art auction houses, has recognized the potential of NFTs and is taking a bold step into the Metaverse with its latest offering. Through its Web3 arm, Sotheby’s Metaverse is introducing a secondary peer-to-peer marketplace allowing direct transactions between collectors on its platform.
This game-changing system is fully on-chain via the Ethereum and Polygon networks, allowing users to pay in either native token ETH or MATIC. What’s more, the platform will continue to honor artist royalties through smart contracts on its resale platform that automatically pays artists according to their selected on-chain royalty rate.
With Sotheby’s Metaverse, NFT art collectors can now access a range of specially curated digital pieces, from rare collectibles to unique artworks. The platform offers a new era of art collecting, allowing buyers to invest in pieces that are not only visually stunning but also have the potential for significant financial return.
In the world of NFTs, it’s not just about acquiring a digital asset but also owning a piece of history. These unique tokens are the blue-chip stocks of the Crypto-winter, offering investors the opportunity to diversify their portfolio while supporting the arts.
As the market for NFTs continues to grow, it’s clear that this new form of investment is here to stay. With Sotheby’s Metaverse leading the way, collectors can look forward to a bright future in digital art collecting.