Sotheby's Launches On-Chain Secondary NFT Marketplace
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Sotheby's Launches On-Chain Secondary NFT Marketplace

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Created 11mo ago, last updated 11mo ago

Sotheby's, the esteemed international auction house, has unveiled its on-chain secondary NFT marketplace, dubbed Sotheby's Metaverse.

Sotheby's Launches On-Chain Secondary NFT Marketplace

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Sotheby's Launches On-Chain Secondary NFT Marketplace

Sotheby's, the esteemed international auction house, has unveiled its on-chain secondary NFT marketplace, dubbed Sotheby's Metaverse. This development broadens Sotheby's reach in the NFT arena, offering collectors a venue to purchase, sell, and exchange authenticated digital art pieces.

The Sotheby's metaverse employs smart contracts to guarantee transaction transparency and security, as well as to establish a provenance record for each NFT. This blockchain-centric method aids in preserving the authenticity and worth of digital assets traded on the platform.

Sotheby's metaverse boasts an array of features, including an intuitive interface for browsing, filtering, and locating NFTs. The platform accommodates a variety of file formats, encompassing images, videos, audio, and 3D models. Users can also curate personalized collections and access comprehensive information about each NFT, such as its ownership history and creator. As NFTs gain traction in the art world, Sotheby's metaverse aspires to connect traditional art collectors with the digital art landscape by offering a secure and user-friendly trading platform.

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