Sotheby's auction house launches on-chain NFT marketplace Sotheby's Metaverse

ChainCatcher news, Sotheby's auction house has launched the on-chain NFT secondary market Sotheby's Metaverse, allowing collectors to trade directly on its platform. The system will integrate Ethereum and Polygon networks, enabling users to make payments using ETH or MATIC.

Sotheby's Metaverse will continue to pay artists' royalties through smart contracts on the platform, which will automatically pay artists based on the on-chain royalty rate chosen by the artist. (Source link)