PR Newswire
Traditional auction houses have been playing a launchpad role in NFT trading, but they could provide greater stability for this growing market. By providing valuation estimates, they synthesize the current state of supply and demand; by selling an NFT, they provide a reference price that is independent of the prices practiced on peer-to-peer platforms (like Opensea, Nifty Gateway, SuperRare, etc.). In other words, with their expertise and their temporization of the market, the auction houses may