Auction house Sotheby's announced today that it plans to hold an auction for NFT projects. Sotheby's "generative" NFT art auction will be an auction covering the history of "genarative" art from the 1960s to the present.

The works of Vera Molnár, Chuck Csuri and Roman Verostko, three genarative avant-garde artists whose work emerged in the 1960s, will be presented as NFT for the first time. Contemporary artists presenting a combination of NFT and physical works will also be featured at the auction.

Michael Bouhanna, Sotheby's vice president and co-president of digital arts, said in a statement:

“While NFT projects like CryptoPunks and Bored Ape Yacht Club made headlines around the world last year, few understand how these NFTs are linked to the history of 20th-century art movements. 20th-century art movements have had many contemporary NFT projects. It has been an inspiration.”

Sotheby's

Generative art involves a computer-generated "autonomous system" that plays a role in the entire completed artwork, through a program that randomizes certain elements. Bored Ape Yacht Club is also a generative NFT project.

Sega plans to integrate cloud technology and NFTs

Japan-based gaming giant Sega plans to integrate cloud technology and NFTs to connect different games as part of its new "Super Game" project. The Super Game initiative is expected to launch within the next five years, with a wide range of cross-platform Triple-A (AAA) games being developed. The company will allegedly invest $800 million in the project.

NFT and cloud support plans were made during an interview on Sega Japan's recruitment page. Gaming news agency Video Games Chronicle also recently shared the English translation of the interview. Sega manufacturer Masayoshi Kikuchi said the gaming industry has a "history of spillover" into new forms of culture and technology such as social media, so the transition to cloud and NFT technologies is also inevitable.