In 2023, Sotheby’s, the famous fine arts auction house, made an impressive impact in the digital art industry, with sales hitting $35 million. Based on a report by Michael Bouhanna, the company’s vice president and head of digital art, 2023 was one of the most exciting for digital art. First Live Digital Auction One of… Continue reading Sotheby’s Surges In Digital Art: $35M In 2023 Sales
Tag: auction
Adidas Partners With Bugatti For Exclusive Web3 Football Boots
Adidas and Bugatti have combined their design skills and technological advancements to auction off an exclusive number of football boots. The innovative auction will happen on a pioneering Web3 platform, a move that considerably highlights the intersection of technology, fashion, and the automotive sector. Only 99 pairs of these exclusively designed, limited-edition boots will be… Continue reading Adidas Partners With Bugatti For Exclusive Web3 Football Boots
Philips Auctioneer Opts To Sell $70M Artwork For BTC or ETH
Philips, a leading United States auction house, has announced the grand auction of its Jean-Michael Basquiat painting starting May this year. Notably, the firm has listed Bitcoin (BTC) and Ether (ETH), specifically, as viable payment options. In a March 7 announcement, the auction house confirmed the upcoming auction of its Jean-Michael Basquiat painting in New… Continue reading Philips Auctioneer Opts To Sell $70M Artwork For BTC or ETH
Sham NFTs Cause Marketplace Shutdown – Experts Weigh In
The nonfungible token (NFTs) platform famous for minting Jack Dorsey’s first tweet has suspended all NFT operations amidst forging and illegal activity claims. Rampant issues that are related to minting phony nonfungible tokens (NFTs) have forced the popular marketplace Cent to stop some of its operations. Launched in 2017, Cent started as a “social network… Continue reading Sham NFTs Cause Marketplace Shutdown – Experts Weigh In
What Is Yat, Why Are People Spending $425K On Emojis?
Developers said that in Web3, your Yat will become a universal digital identifier and can also be used as a URL, wallet address and may be minted on the Ethereum blockchain as a nonfungible token (NFT). Will emojis be the Web3 version of a username? That is what Yat, a Nashville-based tech startup thinks and… Continue reading What Is Yat, Why Are People Spending $425K On Emojis?
Beeple’s Discord Compromised In Time To Coincide With Christie’s Auction
Users believed that they were signing up for an affordable NFT drop offered by the famed artist, Beeple. However, that was not the case. The platform was compromised and convinced users that the affordable NFT drop was meant to coincide with his second Christie’s auction. The admin account for Beeple’s official Discord group was hacked… Continue reading Beeple’s Discord Compromised In Time To Coincide With Christie’s Auction