![]() ![]() It comes as the floor price for NFTs have seen a decline, with NFT market volumes at their lowest in 20 months. Read more: Bored Ape Bar: Inside the $100,000 membership exclusive NFT club in Londonĭigital art collector Cozomo de' Medici is set to collaborate with Sotheby's on the curation of one of the online gallery rooms. ![]() Sotheby's also plans to unveil a new digital art gallery on the web3 art gallery platform Oncyber in June, showcasing selected works from the secondary NFT market. "Sotheby’s commitment to honouring artist royalties comes amidst a larger debate about royalties within the NFT community, and signals Sotheby’s artist-first ethos as one of the only major NFT marketplaces committed to artist resale royalties," the platform said. The platform will automatically compensate artists based on their chosen on-chain royalty rate. Sotheby's Metaverse said it will uphold artist royalties via smart contracts. ![]()
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