Logistics Behind Sotheby’s Metaverse
Sotheby’s new hub for NFT collectibles includes an integrated sales system that’s completely on-chain. Utilizing Ethereum and Polygon Networks, users can pay for iconic digital works of art in either ETH or MATIC.
Further representing a commitment to honoring artists’ royalties, the Metaverse will utilize smart contracts on its NFT marketplace that will ensure artists receive automatic payments based on the royalty rate they pick — overriding a significant industry issue.
What’s more, the secondary marketplace will showcase a rotating selection of artists, presenting new and upcoming artists every few months. Some of the world’s most famous NFT artists — Tyler Hobbs, Claire Silver, XCOPY, Diana Sinclair, Pindar van Arman, and more — will be at the forefront of the platform’s initial debut.
By cherry-picking a group of pioneering NFT artists who have already drawn global attention to digital art, Sotheby’s demonstrates a solid commitment to the Web3 world, creating a space for collectors with refined tastes.
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