Auction House Phillips to Accept Crypto for Banksy Artwork Worth Millions
The 225-year-old auction house joins larger rivals Christie's and Sotheby's in offering the ability to pay in crypto.
The news comes fresh on the heels of a lawsuit filed against another Roc-A-Fella founder over an attempted NFT.
“The most ancient and emblematic denominator of value can now, for the first time, be purchased using humanity’s newest universal currency.”
The auction house said "a milestone was reached in the adoption of cryptocurrencies."
The money came from a "crowd loan" and included more than 8,500 contributors.
The start date was heralded by the upgrade to Kusama’s Statemine parachain, Polkadot founder Gavin Wood said Tuesday.