Utility NFTs

Utility NFTs

This clip expresses some views about Utility NFTs. Utility NFTs extend the original ownership of digital art idea to providing some utility for an NFT. These are called uNFTs in this video.

The video also talks about ESG investments. The NFT can under this design monitor investments.


Sotheby’s Decentraland Gallery

“We see spaces like Decentraland as the next frontier for digital art where artists, collectors and viewers alike can engage with one another from anywhere in the world and showcase art that is fundamentally scarce and unique, but accessible to anyone for viewing. We are having fun exploring new facets of the digital art world through our collaboration with the Decentraland community.” Michael Bouhanna, Sotheby’s

Sotheby’s and NFTs

Sotheby’s has opened up a galley in virtual space with Metaverse to launch more NFTs.

The latest one is the collection of artworks co-curated with Robert Alice. 

This follows the pre-sale estimate of Quantum via Sotheby’s of 140K GBP.

During April this year, Sotheby’s has success with 17 million pounds raised with the sale of a NFT collection called “The Fungible” via Nifty Gateway.

Metaverse ETP is charted at Coinbase and described as Blockchain-as-a-Service.