New Digital Marketplace Otis House Turns Rare Collectables Into NFTs

The first drop includes a Lebron James Rookie card, 3 vintage video games and a Bob Ross painting.

NFT
2,510 Hypes 2 Comments

Otis, a collectibles company that provides fractional investment options, has launched a new NFT auction platform called Otis House that mints NFTs of rare physical collectibles.

Launched on Wednesday, the company allows collectors to submit real-world objects valued at more than $5,000 USD to Otis House. Otis then takes ownership of the physical item, authenticating, insuring and vaulting it for safekeeping.

Next, Otis mints an NFT representing ownership of the physical object, which can be auctioned off through the site. Once purchased, NFT buyers can then trade in the digital asset for the corresponding physical item at any time and Otis will destroy the NFT and ship the collectible to its new owner.

The company currently has 5 NFTs up for auction including a 1971 Bob Ross painting; a 2003 Topps Chrome Lebron James Rookie card PSA 10 Gem Mint;  a Wata 9.6 Super Mario Bros. 3; a Wata 9.4 Pokemon Yellow; and a 1993 Skybox Simpsons Matt Groening DeBart PSA 9.

In other news, Michael Jordan and his son Jeffrey launched a new NFT platform called HEIR.

Read Full Article

What to Read Next

Logan Paul's New Company "Liquid Marketplace" Allows People To Invest in Shares of Rare Collectibles
Tech

Logan Paul's New Company "Liquid Marketplace" Allows People To Invest in Shares of Rare Collectibles

Powered by blockchain and crypto technology.

Otis Kwame Kye Quaicoe Chronicles Latest Show in New Art Book
Art

Otis Kwame Kye Quaicoe Chronicles Latest Show in New Art Book

Made in conjunction with Almine Rech.

Jacob & Co. Launches Into NFTs With New "Astronomia Metaverso" Collection
NFT

Jacob & Co. Launches Into NFTs With New "Astronomia Metaverso" Collection

Certain NFTs in the collection arrives with an IRL watch to match.


CELINE's Surfboards Take the House's Chic Aesthetic Into New Waters
Fashion 

CELINE's Surfboards Take the House's Chic Aesthetic Into New Waters

Presented by Celine
Brick Howze of Ebony Beach Club takes new items from CELINE SURF for a ride in Malibu.

Kevin Durant Is Officially the Face of Crypto Platform Coinbase
Tech

Kevin Durant Is Officially the Face of Crypto Platform Coinbase

The latest NBA star to join in on the crypto craze.

Oreo Stacks up New Toffee Crunch and Ultimate Chocolate Cookie Flavors
Food & Beverage

Oreo Stacks up New Toffee Crunch and Ultimate Chocolate Cookie Flavors

Hitting shelves by early 2022.

Everything Coming To and Leaving Netflix in January 2022
Entertainment

Everything Coming To and Leaving Netflix in January 2022

Led by the premiere of ‘Ozark Season 4, Part 1’ and ‘Neymar: The Perfect Chaos.’

Stüssy Drops New Collaboration With Rap Duo Eric B. & Rakim
Fashion

Stüssy Drops New Collaboration With Rap Duo Eric B. & Rakim

Celebrating the duo’s critically acclaimed second LP.

Michael Jordan and His Son Launch New Platform HEIR for Athletes in Web3
NFT

Michael Jordan and His Son Launch New Platform HEIR for Athletes in Web3

Offering fans special access to digital assets and first-person NFT drops.


Dell's Concept Luna Will Make Laptops More Repairable and Sustainable
Tech

Dell's Concept Luna Will Make Laptops More Repairable and Sustainable

Potentially reducing carbon footprint by 50%.

Wrist Check: Jay-Z Wears the New Patek Philippe Tiffany Blue Nautilus to Promote 'The Harder They Fall'
Watches

Wrist Check: Jay-Z Wears the New Patek Philippe Tiffany Blue Nautilus to Promote 'The Harder They Fall'

He either paid $6.5 million USD or Tiffany & Co. gave him an early Xmas gift.

Video Game Giant Embracer Group to Acquire 'Catan' Boardgame Company Asmodee for $3 Billion USD
Gaming

Video Game Giant Embracer Group to Acquire 'Catan' Boardgame Company Asmodee for $3 Billion USD

Jumping out of the virtual world and onto your table.

Ford Teases Its GT Alan Mann Heritage Edition
Automotive

Ford Teases Its GT Alan Mann Heritage Edition

Paying tribute to the racing icon of 1966.

Michael B. Jordan Believes 'Black Panther's Killmonger Was Not a Villain
Entertainment

Michael B. Jordan Believes 'Black Panther's Killmonger Was Not a Villain

“He cared about his people just as much as T’Challa.”

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.