Sotheby’s ramps up NFT operations

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AFP

New York (AFP) – Sotheby’s auction house launched a dedicated platform for collectors of NFTs Thursday and announced a twice-a-year sale of the digital objects, a sign of its commitment to the craze. A non-fungible token (NFT) is a digital object that can be a drawing, animation, piece of music, photo, or video with a certificate of authenticity created by blockchain technology. This authentication by a network of computers is considered inviolable. They have become hugely popular against the backdrop of the pandemic, boosting the contemporary art market. According to a report published by Art…

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