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Sotheby’s Biggest NFT Charity Auction Ever

Sotheby’s announced its collaboration with the public health care advocate and nonprofit organization Sostento to auction off its latest nonfungible token (NFT) collection via Sotheby’s Metaverse. The auction titled Gifted: The 140 Collection is considered to be Sotheby’s “biggest NFT charity auction ever,” with all of its proceeds going toward Sostento.

The NFTs were originally gifted by Twitter as part of a giveaway of 140 NFTs to 140 random followers in June of this year. Its recipients became known as “The Besties.”

The collection was formed by seven of those lucky followers that randomly received one of the 140 exclusive NFTs who have united to auction a full set of seven NFTs – with the proceeds will be donated to Sostento, an organization that gives “vital support to frontline public health workers”.

In an announcement shared with Cointelegraph, Cassandra Hatton, Sotheby’s global head of Science and Popular Culture said: “It is inspiring to work not only alongside an organization like Sostento, but also with the group of Besties who recognize the significance of their NFTs and are harnessing that power for a good cause.”

Sotheby’s is the first auction house to launch a dedicated marketplace for NFTs, Sotheby’s Metaverse. Launched last month, the dedicated platform will exclusively host all of Sotheby’s NFT sales.

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