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Sotheby’s Unveils Peer-to-Peer NFT Marketplace for Fine Art

Sotheby’s, the prestigious auction house, has recently launched a peer-to-peer NFT marketplace on Ethereum and Polygon blockchains. This revolutionary platform is set to redefine the way collectors buy and sell fine digital art, with expert curation from Sotheby’s in-house specialists. Experience the future of digital art and embrace the benefits of on-chain secondary trading today.

Exclusive Web3 Artists and Trading

With the new marketplace, collectors have the opportunity to acquire works from 13 leading Web3 artists such as Tyler Hobbs, XCOPY, Claire Silver, Diana Sinclair, and many more. Transactions on the platform will be facilitated using ETH and MATIC, the native coins of Ethereum and Polygon blockchains.

Protecting Artist Royalties

Sotheby’s NFT marketplace focuses on safeguarding artist royalties, a significant concern for creators in the current NFT landscape. By honoring royalties, Sotheby’s demonstrates its commitment to the artists and the larger art community.

Expanding Sotheby’s Metaverse

This peer-to-peer marketplace is an extension of Sotheby’s Metaverse, which debuted in October 2021. As an industry pioneer, Sotheby’s became the first auction house to establish an NFT marketplace specifically designed for non-fungible tokens sales.

Sotheby's Metaverse
Sotheby’s Metaverse – Source: Sotheby’s/Twitter

Sotheby’s to Launch Web3 Digital Art Gallery

In June, Sotheby’s plans to unveil a digital art gallery in collaboration with oncyber, a platform that enables organizations to display NFTs in a fully immersive environment. Esteemed NFT art collector Cozomo de’ Medici will hand-select artworks to be showcased in one of the gallery’s rooms.

Navigating the NFT Landscape

Despite challenging times for the NFT space, Sotheby’s remains committed to embracing Web3 and its potential. The auction house continues to pioneer new paths in the metaverse, non-fungible tokens, and cryptocurrency, even when other companies pause their initiatives.

With its innovative peer-to-peer NFT marketplace, Sotheby’s is leading the charge in reshaping the digital art world. By protecting artist royalties and curating exceptional Web3 art, the auction house is making a significant impact on the global art market. Don’t miss out on the opportunity to be part of this digital art revolution – explore Sotheby’s NFT marketplace today.

Key Points

What is Sotheby’s NFT marketplace?

A peer-to-peer platform for buying and selling curated fine digital art from top Web3 artists, running on the Ethereum and Polygon blockchains.

How does the marketplace protect artist royalties?

By honoring artist resale royalties directly on-chain through smart contracts for secondary sales carried out on the Ethereum and Polygon blockchains.

What cryptocurrencies are accepted on the platform?

Transactions on the Sotheby’s NFT marketplace are facilitated using ETH and MATIC, the native coins of Ethereum and Polygon blockchains.

When is Sotheby’s Web3 digital art gallery launching?

Sotheby’s plans to unveil its Web3 digital art gallery in June through a partnership with oncyber, a platform that allows organizations to showcase NFTs in a fully immersive environment.

What is Sotheby’s Metaverse?

Sotheby’s Metaverse is an initiative launched in October 2021, making Sotheby’s the first auction house to create an NFT marketplace specifically designed for the sale of non-fungible tokens.

Who are some of the artists featured on Sotheby’s NFT marketplace?

Some of the top Web3 artists featured on the platform include Tyler Hobbs, XCOPY, Claire Silver, Diana Sinclair, Sarah Zucker, IX Shells, Refik Anadol, Sofia Crespo, and Pindar van Arman.


Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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