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<p>The auction house will host a sale of <strong>non-fungible tokens</strong> from June 3rd to 10th. 27 lots will be available for purchase, including geometric animation by <strong>digital artist Kevin McCoy,</strong> created in May 2014.</p>



<p><strong>Sotheby&#8217;s</strong> will sell the world&#8217;s <strong>oldest non-fungible token</strong>, created in May 2014. It is about the geometric animation &#8220;<strong>Quantum</strong>&#8221; by <strong>digital artist Kevin McCoy</strong>, <a href="https://www.reuters.com/technology/sothebys-sell-first-nft-online-auction-2021-06-01/" target="_blank" rel="noreferrer noopener">writes Reuters </a>. The <strong>NFT </strong>sale will take place at the Natively Digital: Curated <strong>NFT </strong>Sale from June 3-10. In addition to <strong>McCoy&#8217;s </strong>animation, the auction house will sell 26 more works, including, for example, an <strong>NFT token</strong> from the <strong>CryptoPunk</strong> collection.</p>



<p>The starting price of the lots will be $ 100; you can pay for the purchase using <strong>Bitcoin</strong>, <strong>Ethereum </strong>and <strong>fiat currencies</strong>. After the completion of trading, <strong>NFT tokens </strong>will be sent to buyers&#8217; <strong>crypto wallets</strong>.</p>



<p>In May, <strong>Sotheby&#8217;s</strong>, for the first time in its history, allowed to pay for the purchase of a painting with <strong>cryptocurrency</strong>. The first lot of the auction house, sold for <strong>cryptocurrency</strong>, was the work of artist <strong>Banksy</strong>.</p>



<p><strong>Sotheby&#8217;s</strong> is one of the world&#8217;s largest and oldest auction houses, founded in 1744. The bulk of the auction house&#8217;s lots are luxury and art items.</p>



<p><strong>NFT tokens</strong> are unique and not divisible. Such <strong>tokens </strong>are used to confirm ownership of an object; they cannot be replaced without the consent of the owner.</p>



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