Otis Launches NFT Auction Platform That Transforms Real-World Items Into Digi...
As both fractional and traditional non-fungible tokens (NFTs) have seen exponential growth this year, the firm Otis has announced the launch of a marketplace called Otis House. The platform is a new NFT project that turns physical items into NFTs, and the tokens can be traded at any time for the physical items stored in a vault. The platform has launched the auction of six assets that include a vintage Super Mario Bros 3 video game and a rare Bob Ross painting. Otis House Aims to Bridge NFTs and Physical Collectibles While NFTs have been a hot subject in 2021, Bitcoin.com News....
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The fractional investing company Public announced the acquisition of the digital collectibles and non-fungible token (NFT) technology startup Otis. Public’s co-CEO believes the acquisition will give Public the ability to provide people with the only place in the world “where people can invest in — and build a modern portfolio with — any fractional asset.”
‘Fractionalizing Any Asset’ — Social Investing Firm Public Acquires NFT Startup Otis
On March 9, the investing company Public explained in a blog post that the firm has....
The famed auction house claims it will be the first to accept crypto for a real-time auction of physical art — but other auction houses are not far behind. Prestigious auction house Sotheby’s has announced it will accept Ethereum (ETH) bids in real time for its Nov. 18 auction that includes works by famed street artist Banksy.Sotheby’s claims this will be the first time an auction house has accepted crypto in real time as a standard currency for payment in an auction on a physical work of art. The auction, titled ‘The Now Evening Auction’ features Banksy’s Trolley Hunters and Love Is In....
Feathercoin, an altcurrency based on Litecoin, has today announced that it is opening an auction site to facilitate the trade of physical items between individuals paid for by Feathercoins. The site is at an early phase of development but already has 70 auctions ongoing. It also supports a feedback system so sellers can build a reputation, much like eBay. Feathercoin says that the site will soon implement a shopping cart and a range of merchant tools. Peter Bushnell, the founder of Feathercoin, told us that the service had been created to solve the problem of forum users trying to auction....
For a long time the art world led by the big four auction houses, Bonhams, Sotheby’s, Phillips and Christie’s, has struggled with the provenance of the items they are buying and selling on behalf of collectors and owners. Third party validation was needed, but many of the so-called appraisers are not independent and have vested interests. So in 2016, ArtChain was formed. It is a platform that provides digital certificates for the pieces of art, establishing their history. Cointelegraph caught up with ArtChain founder Laurenzo Mefsut in London and asked him about the idea behind it.....
NFTglee has announced the launch of an NFT auction platform built on Bitcoin’s Liquid sidechain.