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Cryptocurrency Art Takes Over Traditional Auctions: Des Lucre and Sotheby’s Deal

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It is reported that the creator of NFT series \”Des Monsters\” and encryption artist Des Lucre announced on social media that he has signed a one-year contract w…

Cryptocurrency Art Takes Over Traditional Auctions: Des Lucre and Sothebys Deal

It is reported that the creator of NFT series “Des Monsters” and encryption artist Des Lucre announced on social media that he has signed a one-year contract with Sotheby’s, a world-famous auction house. Although the terms of the transaction have not been disclosed to the public, the relevant NFT series may gain a new platform to expand market influence.

Des Lucre, creator of NFT series “Des Monsters”, announced a one-year contract with Sotheby’s

Interpretation of the news:


The world of art is constantly evolving, and the advent of technology has only accelerated the pace of its transformation. One of the latest developments in this field has been the rise of NFTs, or non-fungible tokens, which allow unique digital art pieces to be sold and collected like physical artwork. And now, traditional auction houses are starting to take notice.

One such auction house is Sotheby’s, who recently announced a one-year deal with Des Lucre, the creator of the NFT series “Des Monsters” and a well-known encryption artist. While the terms of the deal have not been made public, it is likely that Des Monsters will now have a new platform to expand its market influence and reach a wider audience.

This deal is significant because it highlights the growing importance of cryptocurrency art in the traditional art world. While NFTs are still a relatively new concept, they have already generated a lot of buzz and interest from collectors and investors alike. By partnering with Des Lucre, Sotheby’s is not only embracing this new form of art, but also positioning itself as a leader in the emerging cryptocurrency art market.

Furthermore, this deal could also have an impact on how traditional auction houses do business. As more and more artists enter the NFT space, it is likely that other auction houses will follow Sotheby’s lead and start to incorporate these digitally-based artworks into their auctions. This could potentially open up new opportunities for artists who might not have been able to break into the traditional art world before.

In conclusion, the Des Lucre/Sotheby’s deal is a significant development in the world of cryptocurrency art. It highlights the growing importance of NFTs and their potential to disrupt the traditional art world. As the market continues to evolve, it will be interesting to see how other auction houses respond and how the overall industry adapts to these changes.

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