Sotheby's NFT Marketplace

Lebron Wears RTFKT Sneakers

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Here is the breakdown of today's newsletter:

🚀 Sotheby’s NFT Marketplace Launch
🖼️ DeeKay’s Latest Masterpiece

  • Dapper Labs finally launched their NBA Topshot mobile app, though just for a short time. After pulling it off the market, they will be fine-tuning it for re-release. (@SteadyBreaks)

  • Speaking of basketball, Lebron James was seen sporting some RTFKT sneakers before taking game 1 against the Golden State Warriors. Check them out here.

  • In case you forgot, Amazon is launching their NFT marketplace in 12 days, and here is an epic thread.

  • Pudgy Penguins has revealed "The Workbench," the next chapter in their lore. This workbench is full of clues, and you can explore it by clicking here.

  • Auction house Sotheby's launches NFT marketplace for art. (DC)

  • Sports Illustrated will soon be launching an NFT ticketing program on Polygon ETH. (CD)

  • It’s reported that the world’s richest man Bernard Arnault holds a collection of NFTs. (CN)

  • Phantom wallet (usually reserved for SOL) just rolled out support for ETH and Polygon. (@phantom)

Sotheby's Launches On-Chain Secondary NFT Marketplace 🚀

Sotheby's Metaverse, the Web3 arm of the art auction house, is launching a peer-to-peer secondary marketplace for NFT art transactions. The platform will operate fully on-chain via Ethereum and Polygon networks, and users can pay in ETH or MATIC. Artist royalties will continue to be honored through smart contracts on the resale platform.

💡 Some Sotheby stats:

  • First started NFT wing in April 2021

  • $120 million in total NFT sales

  • Huge NFT sales such as “Covid Alien” CryptoPunk which sold for $11.7 million

"The opportunity to expand Sotheby’s Metaverse with a fully on-chain peer-to-peer market is an important step forward in our evolution within the digital art and collectible space," 

- Michael Bouhanna, Sotheby’s vice president and head of NFTs and digital art in a press release.

It isn’t rocket science. Deekay posts a new art piece we share it.

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That's all for today's issue! Thanks for reading this far and also make sure to give our Twitter a follow daily for breaking NFT/web3 news! (@TheDropNFT)

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