Sotheby’s, the internationally esteemed auction house, has incorporated support for the Kresus digital wallet into its NFT marketplace Sotheby’s Metaverse. This partnership offers art collectors seeking to acquire high-value digital art pieces with a dependable and convenient solution for safeguarding their NFT purchases.
Launched in 2021, Sotheby’s Metaverse functions as the primary hub for NFTs and digital art. The marketplace hosts exclusive NFT drops and exhibitions in collaboration with leading traditional and digital artists. With the incorporation of Kresus, collectors can now effortlessly procure these rare digital art pieces directly through Sotheby’s Metaverse and store them in their Kresus wallet.
Essential points to note:
- Sotheby’s Metaverse now supports Kresus wallet for NFT storage.
- Kresus provides secure, user-friendly storage for high-value NFTs.
- Kresus, optimized for mobile devices, simplifies the management of NFT collections.
- The integration coincides with the expanding multi-million dollar “blue chip” NFT market.
Designed as a mobile-centric “SuperApp”, Kresus aims to make storage and interaction with NFTs highly accessible. The wallet offers users a streamlined registration process via email, eliminating the need to retain cumbersome seed phrases. Advanced security features such as biometrics and account recovery afford protection against asset loss.
This serves as a safety measure for collectors, ensuring the secure retention of their valuable digital acquisitions. Industry analysts point out that this “foolproof” approach eliminates a significant source of risk for NFT investors, setting Kresus apart from other wallet providers.
“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” – Trevor Traina, CEO of Kresus
Future Endeavors of Sotheby’s
The integration comes at an opportune time, as the market for highly valuable “blue chip” NFTs continues to grow. In 2021, Sotheby’s facilitated the sale of rare CryptoPunk NFTs for close to about $30 million, setting a record price for the collection.
Looking forward, Sotheby’s aims to host more exclusive NFT sales featuring works by top digital artists. The integration with Kresus ensures bidders can securely store their prized NFT acquisitions in one place on its user-friendly platform. By offering a simplified collecting experience, the partnership aligns with Sotheby’s objective of promoting NFT adoption among mainstream art collectors.