Sotheby’s Metaverse announces latest and largest NFT charity auction

Sotheby’s, the oldest luxury and art auction house in the world, announced a partnership with Sostento, a public health advocate and nonprofit organization, to auction off its latest NFT collection via Sotheby’s Metaverse. The auction, titled Gifted the 140 Collection, is considered to be Sotheby’s largest NFT charity auction. All proceeds will go towards Sostento.

In June this year, 140 NFTs were given away by Twitter to 140 random followers. Its recipients were known as “The Besties”. 7 of these Besties now sell 7 NFTs to support Sostento’s frontline health workers in fighting the Covid-19 pandemic, and the opioid overdose crisis.

This giveaway follows Jack Dorsey, Twitter CEO,’s $2.9million sale of the first Twitter tweet as an NFT in March 2021. The Covid-19 response to Africa was helped by the proceeds of that sale.

Cointelegraph was informed by Cassandra Hatton (Sotheby’s Global Head for Science and Popular Culture), that:

“It’s inspiring to work with an organization like Sostento and also with the Besties who recognize their NFTs are harnessing that power for good causes.”

The Giving Block is one of Sostento’s partners. It provides a platform that allows mission-driven charities, universities, faith-based groups, and organizations of all sizes to use cryptocurrency and accept cryptocurrency funding.

According to Joe Agoada (CEO of Sostento), proceeds from the sale will be processed and “invested directly in fulfilling our mission to help frontline health workers save lives.”

Related: Paris Hilton and Pranksy Collections featured on Sotheby’s NFT platform

Sotheby’s Metaverse, a dedicated marketplace for NFTs has been launched by the auction house. The dedicated platform, which was launched last month, will host all Sotheby’s NFT transactions.

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