Sotheby's Launches NFT platform "Sotheby's Metaverse"
NFTs (non-fungible tokens) have taken the art world by storm in 2021. The auction house Sotheby’s has decided to get with the times and has started an NFT platform that goes by the name of “Sotheby’s Metaverse”. On this platform, you will be able to buy NFTs with cryptocurrencies such as Ethereum. Sotheby’s became involved with NFTs earlier this year when they held auctions for the famous Cryptopunks as well as Bored Ape Yacht Club. The introduction of NFTs offers many innovations in the art world, and currently, it only scratches the surface. It is exciting to see a prominent auction house such as Sotheby’s embrace these new innovations with open arms, and we are looking forward to seeing what NFTs can bring forward.