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Sotheby’s Holds Its First NFT Sale, Works by Digital Artist Pak Sells for $16.8 Million – Gadgets 360

Sotheby’s hosted its first sale of art supported by NFTs by artist Pak, with the works bringing in $16.8 million (roughly Rs. 130 crores), the auction house said….

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Sotheby’s hosted its first sale of art supported by NFTs, the trendy authentication technology, by artist Pak, with the works bringing in $16.8 million (roughly Rs. 130 crores), the auction house said Wednesday.
The Sotheby’s foray into NFT selling comes just a little more than one month after the sale of the NFT of the work “Everydays: The First 5,000 Days” by digital artist Beeple for $69.3 million (roughly Rs. 504 crores) at rival Christie’s.
NFT stands for non-fungible token, an authentication…

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