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.
The next evolution of #SothebysMetaverse is here! The most trusted and dynamic destination to collect, buy and sell remarkable digital works.
Explore: https://t.co/hZvYIkO3xx pic.twitter.com/dCkaCKlXVm
— Sotheby's Metaverse (@Sothebysverse) May 1, 2023
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 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.
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.
