Ledger and Sotheby’s have signed an agreement to provide free crypto hardware wallets to major holders of digital art from Sotheby’s NFT collection.
Winners of Sotheby’s NFT auctions will receive a limited edition collaborative Ledger x Sotheby’s Nano X wallet, and Ledger is committed to providing the devices free of charge for one year.
In addition, Ledger will provide onboarding and training services to Sotheby’s collectors regarding the aspects of self-storage of digital assets using hardware wallets. The corresponding Ledger Academy course will be published on Sotheby’s Metaverse resources.
Sotheby’s said that if any questions arise regarding the use of the Ledger x Sotheby’s Nano X, device owners will be able to use the services of a dedicated concierge.
Auction house Sotheby’s regularly auctions millions of dollars worth of non-fungible tokens, including digital art from the collection of failed hedge fund Three Arrows Capital. For example, an NFT previously owned by a hedge fund called “Golden Goose” from the GRAILS collection was sold at Sotheby’s for $6.2 million.
In the middle of the year, hardware crypto wallet manufacturer Ledger notified users of the launch of a new service to restore access to Ledger Nano X devices. Ledger Recovery introduced a new recovery feature that allows the development company to transfer and store backup copies of seed phrases. This caused panic among device owners.
