Sotheby’s, the world’s largest art auction house, is joining the Non-Fungible Token (NFT) frenzy. Here are the details.
Sotheby’s could not stay indifferent to the NFT madness!
Sotheby’s, which was founded in 1744 and has been shown as one of the most famous auction houses in the world since its establishment, is stepping into the NFT madness with its anonymous digital artist Pak.
Sotheby’s CEO Charles Stewart, who attended CNBC’s Squawk Box on Tuesday, reported that the auction house has been following developments in NFT for a while and partnered with Pak to show up in this area.
We have been following the NFT area for a while. We are a well-established auction house founded in 1744 and are open to all kinds of innovations. We cooperated with the anonymous digital artist Pak, who did not want his name to be heard in order to show up in the field, and who expressed this only for art at every opportunity. We are planning to start sales next month. ”
What is NFT?
(Non-Fungible Token) are blockchain-based assets that are unique in their design. Ownership of a particular is recorded on the blockchain network, which are distributed digital ledgers that support cryptocurrencies such as Bitcoin.
Last week, interest in the area increased significantly, with Mike Winkelmann’s collage work “THE FIRST 5000 DAYS”, also known as Beeple, sold for about $ 69 million.