Sotheby’s showcases Paris Hilton and Pransky in new NFT platform

Sotheby’s, the prestigious auction house, has introduced a new NFT platform with a Metaverse concept.

The “Sotheby’s Metaverse” platform was revealed in conjunction with the “Natively Digital 1.2: The Collectors” (ND1.2) auction, which would take place between October 18 and October 26.

Sale features 53 items of tokenized art from 19 curators’ vaults

Among the curators are prominent NFT collectors 888, PleasrDAO, and Pranksy, as well as crypto-friendly celebrities like DJ Steve Aoki and self-described “Boss-Babe” Paris Hilton.

“These collectors are people with extensive backgrounds and affiliations in the digital art and media sphere,” according to the show notes. “Many of them have been collecting long before NFTs became a common phrase and have helped construct the ecosystem from the ground up.”

The network accepts Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC) payments, as well as credit card and wire transfers.

Mojito, an NFT studio and blockchain tech platform that builds and maintains NFT markets for brands and IP holders, powers Sotheby’s Metaverse.

Dapper Labs (CryptoKitties), Yuga Labs (Bored Ape Yacht Club), Ponderware (MoonCats), and Art Blocks (Chromie Squiggle), are among the projects featured in the ND1.2 collection.

Growing into a global auction giant

Sotheby’s was established in the mid-1700s in London and has since evolved into an international conglomerate with 80 locations in 40 nations.

In April, Sotheby’s held its inaugural NFT auction, selling $17 million worth of tokenized art in collaboration with the digital artist “Pak.”

The auction house sold CryptoPunk #7523, better known as “COVID Alien,” for a record $11.9 million in June, and it staged a $24 million auction with Yuga Labs last month for a collection of 101 Bored Ape Yacht Club NFTs.

Due in part to Facebook’s recent push to establish itself in the virtual metaverse, the virtual metaverse has been garnering headlines recently.

According to CoinTelegraph, Facebook is setting aside $50 million for a two-year fund to support the company’s goal of creating its own metaverse.

Image courtesy of Cointelegraph News/YouTube

Source: https://bitcoinerx.com/blockchain/sothebys-showcases-paris-hilton-and-pransky-in-new-nft-platform/