Sotheby's Metaverse Gears for 'Biggest NFT Charity Auction', Proceeds Will Go to Healthcare Workers

The NFTs illustrate the many facets of Twitter, from the first iterations of its logo to its 140-character limit.

Advertisement
By Radhika Parashar | Updated: 23 November 2021 16:24 IST
Highlights
  • The bidding is on until December 1
  • The proceeds will go to healthcare workers
  • Sotheby’s Metaverse has partnered with Sostento

These NFTs were actually gifted to 140 random followers by Twitter in June

Photo Credit: Twitter/ Sean Williams

Sotheby's has put up a series of non-fungible tokens (NFTs) for auction, with plans to donate the proceeds to frontline healthcare workers. The auction house's virtual platform Sotheby's Metaverse has partnered with healthcare-focussed non-profit Sostento as part of its initiative. A series of NFTs have been put up for auction on the Sotheby's Metaverse website under the title “Gifted: The 140 Collection.” The price range of these NFTs lies between $1,000 (roughly Rs. 74,000) and $2,200 (roughly Rs. 1.6 lakh), as listed on the website.

NFTs are valuable virtual collectibles, inspired by real-life elements like sketches, artworks, and more. Collectors can purchase these NFTs with fiat money or cryptocurrencies.

The NFTs being auctioned in this project were actually gifted to 140 random Twitter followers in June. These winners were called the Besties, out of which, seven have come forward to sell their holdings and help the frontline workers.

Advertisement

“The NFTs illustrated the many facets of Twitter, from the first iterations of its logo to its 140-character limit. Now, seven of those lucky strangers have united to sell a full set of seven NFTs with proceeds going towards Sostento, an organisation that gives vital support to frontline public health workers,” Sotheby's Metaverse has written in a post, describing the collection.

Images and videos of many of the actionable NFTs have emerged on Twitter under the hashtag, #Gifted140.

“It is inspiring to work not only alongside an organisation like Sostento, but also with the group of Besties who recognise the significance of their NFTs and are harnessing that power for a good cause,” CoinTelegraph quoted Cassandra Hatton, Sotheby's Global Head of Science and Popular Culture as saying.

The biddings are open till December 1.

NFT sales volume surged to $10.7 billion (roughly Rs. 79,820 crore) in the third quarter of 2021, up more than eightfold from the previous quarter, according to data from market tracker DappRadar.

Advertisement

Surging sales and hefty prices on NFTs — items which do not physically exist — have baffled many but the multi-fold growth shows little or no depreciation whatsoever.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.
 
Affiliate links may be automatically generated - see our ethics statement for details.
 

Catch the latest from the Consumer Electronics Show on Gadgets 360, at our CES 2026 hub.

Advertisement

Related Stories

Popular Mobile Brands
  1. Samsung Galaxy S26 Ultra May Arrive in Six Colourways
  2. Motorola Edge 70 Fusion Leak Reveals Full Specifications Ahead of Launch
  3. Redmi Turbo 5 Max Charging Details Revealed; Pre-Orders Open in China
  4. OnePlus Says India Operations 'Normal' Amid Claims of Internal Collapse
  5. Samsung Galaxy A57 Spotted on Certification Site With These Key Features
  6. Moto G67, Moto G77 Specifications Leaked; Could Launch Soon
  7. Vivo X200T With Zeiss Cameras to Launch in India on This Date
  8. Redmi Note 15 Pro Series Might Launch in India With These Storage Options
  9. Oppo A6 5G Launched in India With 7,000mAh Battery at This Price
  10. Life Is Strange: Reunion Officially Announced, Launch Set for March
  1. Life Is Strange: Reunion Officially Announced, Launch Set for March 26
  2. Moto G67, Moto G77 Chipset, Memory and Camera Specifications Leaked, Could Launch Soon
  3. Redmi Turbo 5 Max Charging Details Revealed as Pre-Reservations Begin Ahead of China Launch
  4. OnePlus Says India Operations ‘Normal’ Amid Claims of Internal Dismantling
  5. Samsung Galaxy S26 Ultra May Arrive in Six Colourways, Tipster Claims
  6. Scientists Find Clue to High-Temperature Superconductivity in Quantum Materials
  7. New Dark Matter Simulation Could Change How Galaxies Are Thought to Evolve
  8. SpaceX Adds 29 More Starlink Satellites in Rapid Falcon 9 Launch From Florida
  9. Sony to Cede Control of Bravia TVs to China’s TCL Electronics
  10. Adobe Premiere Integrated With AI-Powered Firefly Platform; New After Effects Features Rolling Out
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.