Sotheby's Mints Over $16 Million USD in First NFT Auction

Sotheby's recently concluded its first auction supported by NFTs made by the digital artist Pak. The auction house snapped up $16.8 million USD in sales. Sotheby's foray into the crypto art world arrives just a little over a month after the sale of Christie's record-breaking NFT by Beeple called Everdays: The First 5,000 Days. Sotheby's first NFT sale had a completely different format than the video auction spearheaded by Christie's. For the sale, Sotheby's launched an unlimited number of animat...