News
Art broker Sotheby’s has been named in the Bored Ape investors case against NFT company Yuga Labs, which said the new allegations are without merit and “opportunistic.“
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Auction News
An auction is public trade of different kinds of goods and assets. An auction is organized with rules set in advanced that can differ from auction to auction. Nevertheless, one common thing for every event like this is competition between potential buyers in order to find the winner of the auction. Competition is necessary, as initially the price for the displayed product is lower than its market price. As well as other things, cryptocurrency can be sold in an auction and BTC auctions are popular, as almost everybody can afford to buy them there. Usually, it is Bitcoin that had been confiscated from criminals and sold in a police or FBI Bitcoin auction. In 2016, there began a daily Gemini auction of Bitcoin for dollars, which the exchange platform launched.
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Sotheby’s new generative art program will record all of its sales exclusively on the Ethereum blockchain.
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A project called “Ethscriptions” is bringing Bitcoin Ordinals-inspired inscriptions to the Ethereum blockchain.
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Su Zhu and Kyle Davies originally purchased ‘The Goose’ digital artwork in August 2021 for roughly $5.8 million in Ether.
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Data shows that the Bitcoin network has become the second-largest NFT chain by sales volume in the 30-day, 7-day and 24-hour metrics.
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Sotheby’s marketplace will attempt to set itself apart by presenting a range of artists curated by experts from the auction house.
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The luxury auction house has developed a fully on-chain sales system where users can purchase curated NFTs on the Ethereum and Polygon networks.
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Sotheby’s auction house is set to sell NFTs that are part of collapsed crypto hedge fund Three Arrows Capital’s digital collection.
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Among the pieces being auctioned include a zombie CryptoPunk and Autoglyphs from Larva Labs as well as Dmitri Cherniak’s artwork “The Golden Goose.”
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Jimmy Fallon wants out of the BAYC trademark case, while Blur is responsible for the NFT market’s three-month high.
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An NFT generator powered by artificial intelligence was recently launched by crypto exchange Binance, with 10,000 mints in 2.5 hours.
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The highest of the 288 bidders forked out just over 7 BTC for one of the 288 Bitcoin Ordinals-based NFTs up for auction.
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Bitcoin core developer Luke Dashjr has called out the sellers behind an NFT auction for using his name and code without his knowledge or consent.
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The SEC wants to see more information included in the $1.022 billion deal between Binance’s U.S. arm and Voyager Digital before it agrees to the acquisition.
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The four businesses FTX wants to sell had only recently been acquired, and lawyers argue this simplifies the sale process.
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