Commerzbank, Deutsche Börse Team Up for Tokenized Real Estate and Art Marketplace
The financial institutions are working with fintech firm 360X, with first tokenized transactions coming later this year.
The platform provides traceability and authentication of artworks using NFTs to protect creators' copyright.
The auction house will accept bitcoin or ether for Banksy's “Laugh Now Panel A,” valued at between $2.82 million and $4.1 million.
"Long the Metaverse,” featuring crypto artists including Coldie and Alotta Money, is an exploration of art and virtual reality for Consensus 2021.
Cryptocurrency exchange Coinbase is partnering with the auction house for the groundbreaking sale.
“In the end, DC was simply asking for a bit more time to assess the situation,” artist Neal Adams said.