Sotheby’s, the internationally renowned auction house, has integrated support for the Kresus digital wallet into its NFT marketplace Sotheby’s Metaverse. This partnership provides collectors looking to purchase high-quality digital artwork with a secure and easy-to-use solution for storing their NFT purchases.
Launched in 2021, Sotheby’s Metaverse serves as the premier destination for NFTs and digital art. The marketplace hosts exclusive NFT drops and exhibitions in collaboration with top traditional and digital artists. With the addition of Kresus, collectors can now easily purchase these rare digital works of art directly through Sotheby’s Metaverse and store them in their Kresus wallet.
Key learning points:
- Sotheby’s Metaverse now supports Kresus wallet for NFT storage.
- Kresus provides secure, easy-to-use storage for high-value NFTs.
- Mobile-first Kresus simplifies NFT collection management.
- Integration timed with growth in the multi-million dollar blue chip NFT market.
Designed as a mobile-first “SuperApp,” Kresus aims to make storage and interaction with NFTs highly accessible. The wallet offers users a streamlined email sign-up process, eliminating the need to store cumbersome seed phrases. Advanced security features such as biometrics and account recovery protect against asset loss.
This provides a safety net for collectors, allowing them to safely control their expensive digital purchases. Industry analysts note that this “implausible” approach removes a major 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 shortlist of digital wallets available to collectors discovering digital art at Sotheby’s Metaverse” – Trevor Traina, CEO of Kresus
Sotherby future plans
The integration comes at an opportune time as the market for highly valuable blue chip NFTs continues to grow. In 2021, Sotheby’s brokered the sale of rare CryptoPunk NFTs worth nearly $30 million, a record price for the collection.
Looking ahead, Sotheby’s plans to host more exclusive NFT sales featuring works from top digital artists. The integration with Kresus ensures that bidders can securely store their prized NFT winnings in one place on the easy-to-use platform. By offering a simplified collecting experience, the partnership aligns with Sotheby’s goal to expand NFT adoption among mainstream art collectors.
