On May 1, the company announced an addition to Sotheby’s Metaverse in the form of a “dynamic destination to collect, buy, and sell remarkable digital works.”
The blockchain-based NFT marketplace will be primarily for secondary sales of digital art. According to the announcement, the marketplace will feature a rotating, curated selection of leading artists hand-picked by Sotheby’s specialists.
They will provide “expert guidance and context for each work, from thematic presentations to artist spotlights, for an easy-to-navigate experience designed for discovery.”
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
Sotheby’s Secondary Market
Sotheby’s launched the Metaverse platform in 2021 for its art auctions but has now expanded it to handle resales. It supports NFTs minted on Ethereum and layer-2 scaling network Polygon.