Sotheby’s, a well-known auction house, is launching its own Metaverse-themed NFT platform wherein collections of non-fungible tokens will be made available for sale. The auction house, already spread across 40 countries, is making its entry into the world of NFT.
The platform has been named “Sotheby’s Metaverse,” whose first auction is scheduled to be held on 18th October. The first auction will be featuring popular tokens like Bored Ape Yacht Club, MoonCats, and CryptoKitties.
While the popularity of NFTs is on a surge, the emergence of the auction house in the NFT space creates new opportunities. The first auction has been titled “Natively Digital 1.2: The Collectors,” which will include as many as 19 curators.
Sotheby’s Metaverse includes top-notch collectors
Sotheby’s Metaverse includes some of the industry’s well-known collectors who have a deep interest in the NFT industry. These collectors include PleasrDAO, Pranksy, and 888, along with celebrities like DJ Steve Aoki. Another major celebrity part of the list is Paris Hilton, the self-claimed “Boss-Bade.”
The note from the Sotheby’s Metaverse exhibition states,
“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 the ground up.”
Payments to be accepted in crypto
The NFT industry is booming with new artists as more and more institutions and celebrities are getting involved. Sotheby’s Metaverse, with its first few launches between 18th to 26th October, will be one of the most important platforms for NFT auctions in the near future.
The platform will accept payments from the highest bidders in the form of cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and USDC, i.e., the USD Coin. Furthermore, Sotheby’s Metaverse will also accept traditional transfer methods like wire transfer or credit cards.
The major NFTs that will be featured in the first NFT drop include projects from Dapper Labs, Art Blocks, Ponderware, and Yuga Labs.