The Traderszone Network

Published in TZ Latest News 16 December, 2021 by The TZ Newswire Staff

Sotheby rakes $100 million profit from NFT auctions

While blockchain technology has been with us for the best part of the last decade, 2021 is unarguably the year that saw a widespread adoption of some of the use-cases of the technology like its use in crypto, non-fungible tokens (NFT) and even in decentralized finance (DeFi).

One of the earliest traditional auction houses, Sotheby, who jumped into the auctioning of NFTs, in a recently released report, has revealed that it made around $100 million in gain from the space.

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