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Sotheby’s netted $100 million from NFT sales in 2021: report

The centuries-old art auction house Sotheby’s reported that it earned $100 million from non-fungible token (NFT) sales this year, according to a release shared with The Block.   The auction house held its first NFT sale from the digital artist Pak between April 12-14, which brought in $16.8 million from 3,000 buyers. Since then, Sotheby’s sold an NFT of the original World Wide Web source code for $5.3 million, a rare CryptoPunk worth $11.8 million, a collection of 101 Bored Ape …

FreeRossDAO emerges winner of imprisoned Silk Road founder’s NFT auction

A group called FreeRossDAO has won the auction for Silk Road founder Ross Ulbricht’s first non-fungible token (NFT) collection with a winning bid of 1,446 ETH (about $6.2 million). Tweeting on Thursday, FreeRossDAO stated that it raised over 2,800 ETH ($12 million) from more than 1,300 supporters, spearheaded by the PleasrDAO community. The NFT collection in question, dubbed “Genesis Collection,” is a collection of digital items including journals and art pieces created by imprisoned Silk Road founder Ross Ulbricht and …