London, United Kingdom, Sept. 23, 2022 (GLOBE NEWSWIRE) — REVA 2022 Summer NFT Special Auction held by UK EARL INTERNATIONAL AUCTION LTD recently concluded. The NFT auction company combines regular auctions, NFT and art collections to increase value. REVA, a highly centralized platform for creating the collection and trading of unique NFTs that enables investors to secure high-value digital art, no longer limits the creative value of fixed ideas, such as time and reputation.
REVA took the lead in the first online auction of NFT works in March 2021. By acquiring NFT firm REVA for USD 50 million in 2021, traditional auction house juggernaut UK EARL INTERNATIONAL AUCTION LTD declared its official entry into the Metaverse. REVA is a specialized research and development company in blockchain technology with a core competence in NFT technologies. REVA focuses on research, development and exploration of new technologies in the market. Since its inception in 2019, the firm has concentrated on NFT collections of advanced digital art and has successfully organized several NFT auctions.
On the blockchain, NFTs, or non-fungible tokens, can be used to track the ownership of various virtual objects to create a traceable, immutable and irreplaceable “digital asset”. Today, a large number of well-known artists and digital art makers produce NFT.
The properties of blockchain technology and NFT digital art are combined in NFT works. High prices can improve performance and are appropriate for online auctions. Disruptive innovation is used to build certain platform features for these new users. Visitors to the portal will be able to examine the digital artworks for sale, learn about the collectors and artists behind NFT, and purchase NFT with ether, bitcoin, US dollars or other legal tender.
One of the world’s most famous digital art collection service platforms, REVA focuses on buying and selling expensive NFT paintings. a handful of offline NFT art gallery shows in New York are held by invitation. Due to its superior technology and market development potential, EARL Auction House chose REVA as its partner to create an internal NFT market. REVA became a wholly owned subsidiary after the acquisition, and it was announced that REVA will continue to operate under its own name and independently.
REVA is UK EARL INTERNATIONAL AUCTION LTD’s digital art collection platform.
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