NFT development studio Mojito announced Friday that they have raised $20M in seed funding from a number of investors including internationally known auction house Sotheby's. According to an announcement published in Forbes, Sotheby’s auction house, in partnership with Future Perfect Ventures, Creative Artists Agency and NEA’s Connect Ventures, contributed to the round at Mojito’s estimated value of $100 Million. The Delaware-based start-up indicated that it will use this new injection of capital to grow and develop its engineering teams, make a better version of its current NFT platform and further develop its NFT trading and investment platforms. The NFT market …
Major auction house Sotheby’s has completed its cryptocurrency-enabled auction offering Banksy’s iconic protest artwork “Love is in the Air.” According to the auction results, Sotheby’s sold the physical artwork on Wednesday for $12.9 million, significantly up from the originally estimated $3 million to $5 million. The physical artwork was offered at a Contemporary Art Evening Auction that also featured “Versus Medici” by Jean-Michel Basquiat selling for nearly $51 million. Sotheby’s announced on Twitter that the auction involved a 14-minute bidding battle among four entities. The auction house emphasized that the sale marks the first time cryptocurrency was accepted as a …
Online marketplace eBay has introduced auctions for nonfungible tokens, or NFTs, to its platform. According to a Reuters report, eBay users who meet certain criteria on the platform will be permitted to list NFTs. The company added that it would expand its policies and tools surrounding digital collectibles in the future. "In the coming months, eBay will add new capabilities that bring blockchain-driven collectibles to our platform," said eBay's North America senior vice president, Jordan Sweetnam. The report comes almost exactly one week after CEO Jamie Iannone said the platform would be "exploring opportunities" to enable NFTs on the platform …
British telco giant Vodafone has reportedly plans to auction the world’s first Short Message Service (SMS) in the form of a nonfungible token (NFT) on Dec. 21. The SMS, that reads “Merry Christmas”, was sent 29 years ago over the Vodafone network on Dec 3, 1992, and was received by Richard Jarvis, an employee at the time. The historic 15 character-long SMS will be auctioned off as an NFT in a one-off sale conducted by the Aguttes Auction House in France, according to Romanian news outlet Ziarul Financiar. By auctioning off the world’s first SMS in the form of NFT, …
During its Q4 2021 earnings call late Tuesday, Adam Aron, CEO of iconic theatre-chain AMC Entertainment, briefed the community on the company's latest crypto adoption efforts. As told by Aron, AMC will start accepting Dogecoin (DOGE) and Shiba Inu (SHIB) "in a couple of weeks." AMC began accepting online payments for movie tickets via major cryptocurrencies last year. The company said it is also still exploring options to issue its own coin; an idea that has been in the making for quite some time as it monitors the current cryptocurrency regulatory framework. Aron also shared his praise for the blockchain …