Charles Stewart, CEO of Sotheby’s, has announced a partnership that will see the top auction house hold a sale of NFT-based digital art from anonymous artist Pak.

• In an interview with CNBC’s Squawk Box on Tuesday, Stewart said his firm has been following the NFT space for some time.
• "There's a lot here that's really exciting and, we think, has staying power," he said.
• Sotheby's chose to hold its first NFT art sale with Pak because it wanted to work with one of "the most established artists" in the space, according to the CEO.
• Talking to CoinDesk, a Sotheby’s representative said the firm will accept cryptocurrencies for the artworks.
• Max Moore, Sotheby’s co-head of the Contemporary Art Day Sale in New York, will be heading up the sale.
• The news comes days after the Christie’s auction house auctioned an NFT artwork by Beeple that sold for a record $69.3 million.

See also: What Are NFTs and How Do They Work?