Sotheby’s Mints Over $16 Million USD in First NFT Auction

Source | HypeBeast

All thanks to animated files called ‘Cube’ by the digital artist Pak

Sotheby’s recently concluded its first auction supported by NFTs made by the digital artist Pak. The auction house snapped up $16.8 million USD in sales. Sotheby’s foray into the crypto art world arrives just a little over a month after the sale of Christie’s record-breaking NFT by Beeple called Everdays: The First 5,000 Days.

Sotheby’s first NFT sale had a completely different format than the video auction spearheaded by Christie’s. For the sale, Sotheby’s launched an unlimited number of animated illustrations developed by Pak called Cube and were then listed on the NFT platform, Nifty Gateway, as part of “The Fungible” collection.

Sotheby's PAK NFT

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