Sotheby’s launches on-chain secondary NFT marketplace: Nifty Newsletter, April 26–May 2
Sotheby’s marketplace will attempt to set itself apart by presenting a range of artists curated by experts from the auction house. In this week’s newsletter, read about Sotheby’s auction house launching a secondary nonfungible token (NFT) marketplace. Find out about the popular marketplace Blur introducing an NFT lending protocol, and learn how a neobank has introduced soulbound NFTs for Know Your Customer (KYC) information. In other news, sellers are dominating the NFT market, and Meta is offsetting losses in its metaverse unit with artificial intelligence efforts. Sotheby’s auction house launches on-chain secondary NFT marketplace Sotheby’s has launched an on-chain marketplace for NFTs. The platform allows purchasing secondary NFTs with Ether (ETH) or Polygon (MATIC), with artist royalties automatically paid according to their chosen rate through smart contracts. The platform will try to distinguish itself by offering a selection of artists handpicked by specialists from the auctio...