Web3 SuperApp Kresus, whose non-custodial wallets form a popular gateway to all cryptocurrencies, has made a coup by integrating with Sotheby's Metaverse. Digital His Marketplace and Gallery of the famous British auction house of the same name, founded in 1744 Sotheby's Metaversea selection of digital artwork and collectibles.
The addition of the Kresus wallet to the Sotheby's Metaverse provides new ways for users to connect and interact. This is a particularly beginner-friendly method. Kresus has designed a wallet to be as frictionless as possible without compromising the robust security features of non-custodial storage.
Cresus appears in the Metaverse
The Metaverse comes in many forms, so many in fact that few people can fully agree on what the Metaverse is, other than that it is a digital world that anyone can enter. It seems that. In the case of Sotheby's Metaverse, that digital realm is located in Decentraland, a faithful recreation of Sotheby's London building. As a result, visitors can pass through virtual doors and admire the artwork and collectibles displayed on the gallery walls.
Of course, there is another essential component to the Metaverse. It's a Web3 connection to turn NFT viewers into collectors. What we have here is Cresus Wallets help enhance your Sotheby's Metaverse experience. A significant number of users checking Sotheby's Digital Domains are new to Web3 and are therefore unfamiliar with requirements such as recording seed phrases and managing private keys. This is just one of the ways Kresis excels, with its seedless design allowing users to authenticate with social login and his 2FA.
Cresus CEO Trevor Traina commented on the merger: Kresus is proud that Sotheby's He has been added to the short list of digital wallets available to collectors discovering digital art in the Metaverse. ”
NFTs continue to disappoint
Sotheby's Metaverse was launched in early 2020 Back when NFTs were quickly becoming a multi-billion dollar asset class and celebrities were dropping $500,000 on a single Bored Ape or Crypto Punk. The ensuing bear market saw trading volumes decline and the hype largely subside, but NFTs made a comeback in 2024.
Introduction of ERC404 according to standard pandorahas enabled NFTs to be traded like ERC20 tokens, deepening liquidity, supporting fragmentation, and sparking a new wave of adoption. Over the coming months, many new applications will be developed that utilize this standard as cryptocurrency builders identify new ways to utilize the token standard to optimal effect. All of this bodes well for NFTs as an asset class, including the kind of digital collectibles that adorn the walls of Sotheby's Metaverse.
The integration of Kresus’ web3 wallet with Sotheby’s Metaverse has made the path to NFTs a little easier for crypto newbies. This is a small step for user onboarding, but it will pay off big as NFTs continue to attract non-crypto natives in 2024 and beyond.