Sotheby’s Metaverse Adds Kresus Wallet for NFT Management
Kresus’s wallet has integrated with Sotheby’s Metaverse, the virtual extension of the prestigious British auction house. This partnership expands Sotheby’s reach into the metaverse and provides an accessible entry point for beginners into cryptocurrency.
Hosted within Decentraland, Sotheby’s Metaverse recreates the iconic London premises of the auction house, offering visitors an immersive virtual experience. Furthermore, this digital marketplace and gallery allow users to explore and purchase various digital artworks and collectables, including NFTs.
One of the main entry barriers for new cryptocurrency users is the complicated process of managing seed phrases and private keys. Kresus’s wallet aims to remove this friction by offering a seedless design and allowing for authentication through social login and 2FA, making storing and trading digital assets securely more accessible.
Kresus CEO Trevor Traina expressed his pride in partnering with Sotheby’s, a globally renowned name in the art world. This collaboration allows digital art collectors to use Kresus’s wallet within Sotheby’s Metaverse, and it presents an opportunity for traditional art enthusiasts to explore the world of NFTs. Traina said, “Sotheby’s is one of the oldest and most trusted names in the world of fine art and collectibles. Kresus is proud to be added to the short list of digital wallets available to collectors discovering digital art at Sotheby’s Metaverse”
Sotheby’s Sealed Auction of Ether Rock
As part of its commitment to embracing new technologies, Sotheby’s is set to host a Sealed Auction of Ether Rock from February 14th to 21st. This NFT collectible, created in 2017 by an anonymous developer and one of the earliest JPEGs tokenized on the Ethereum blockchain, highlights the potential for decentralized systems in creating, distributing, and owning digital assets.
Sotheby’s is demonstrating its approach to merging traditional art with blockchain technology by offering a secure and transparent proof of ownership. This auction highlights the growing importance of NFTs in the art world.
To place a bid in the ‘sealed auction’, simply choose an amount and click “Place Bid.” Once submitted, your bid becomes visible. The highest bidder is the one whose offer surpasses all others. If your bid isn’t the highest, you’ll see your current position in the bidding process, though you won’t know the exact amount needed to outbid the top offer.