NEWS FROM THE DIGITAL AND NFT WORLD – 06 MAY 2021
Every day, Art Rights Magazine selects the best news from the world of digital art, to stay up to date!
1) Sotheby’s accepts payments in cryptocurrency
The auction house Sotheby’s for the work “Love is in the Air” by street artist Banksy, to be auctioned on May 12 in New York, estimated at $ 3 to $ 5 million, is ready to accept payments in Bitcoin or ETH thanks to a agreement with Coinbase.
During the auction, bids are accepted in standard fiat currency, but the collector who wins the work will be able to decide to pay the final price in cryptocurrency. It is the first time that an auction house has accepted cryto payments for a physical work of art.
2) Playboy: NFT’s first collection on display
Playboy magazine showcases its first collection of NFTs in a virtual gallery on Decentraland!
The gallery exhibits the works created by the digital collage artist Slimesunday in collaboration with “Liquid Summer”, the magazine’s editorial team.
3) Crypto Art: over $ 1.5 billion in exchanges
The boom in Crypto Art and NFTs continues! As of May 4, 2021, the trading volume of the top ten crypto collectible marketplaces reached a record $ 1.5 billion. NBA Top Shot achieved the highest trading volume with $ 549.71 million, followed by Opensea with $ 414.24 million and Crypto Punks in third place with sales volume of $ 299.16 million. Additionally, NBA Top Shot has the most significant number of traders with 357,114 active users, followed in second place by Atomic Market with 239,284 traders and OpenSea with 108,990 traders.
Photo Credits: “Love is in the air” by Banksy