Sotheby’s, one of the largest fine arts companies globally, and Ledger, the on-chain security firm, have recently unveiled a new partnership. Central to this collaboration are two unique components: an exclusive co-branded Ledger Nano X and a series of curated educational materials co-developed by Ledger Academy for Sotheby’s Metaverse.
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Limited edition Nano X
Starting in 2024, individuals who win top auction lots of digital art at Sotheby’s will be gifted a limited edition Nano X. The goal is to include a Ledger Stax model in future provisions.
Security, self-custody, and decentralization are growing concerns within the digital realm. Addressing this, the introduction of Nano X wallets is a testament to Ledger’s commitment to collector confidence and security standards.
The initiative mirrors the careful storage and security given to physical art, offering similar attention to the preservation of digital artworks. Ian Rogers, Chief Experience Officer at Ledger, emphasized:
“For collectors of digital art, security and self-custody are paramount. Digital ownership is evolving the art collection scene. Ledger is eager to support all digital art collectors, and this partnership with Sotheby’s exemplifies that.”
Educational content on Sotheby’s Metaverse
Further enriching the collaboration is an educational series, which will be introduced through Ledger Academy on Sotheby’s Metaverse. This content will enlighten collectors on web3 fundamentals, from self-custody to web3 security best practices.
Sebastian Fahey, Sotheby’s Managing Director of Global Fine Art and Executive Lead for Metaverse, expressed enthusiasm:
“Partnering with Ledger advances our web3 evolution. Introducing collectors to Ledger Academy’s resources amplifies Sotheby’s goal to bridge traditional collectors with the web3 world, ensuring secure tools for future-proof digital art collection.”
The metaverse platform recently introduced a peer-to-peer venue for secondary sales of digital art. Coinciding with this launch, the metaverse has also boosted its web3 functions, integrating a sales system on the Ethereum and Polygon blockchains.
Let bygones be bygones
Ledger had previously collaborated with luxury brands like AMBUSH, RTFKT, Fendi, and others, further solidifying its stature as the go-to hardware wallet.
Now that the dust has settled in regards to the infamous Ledger Recover feature, which gave third parties access to users’ private keys, the company can continue building in the right direction and build upon its ethos of providing long-term security and preservation for digital art and assets.