Christie’s has launched their own NFT auction house on Ethereum
Christie’s, the world-renowned art auction house, is launching its own on-chain Ethereum NFT auction house. Officially, Christie’s 3.0, the new on-chain platform, highlights the importance of the NFT industry and how seriously the traditional industry world is taking Web3. Anyone can bid on Christie’s 3.0 items. You must connect your digital wallet to the platform and then you can bid on your favorite artwork To celebrate the launch of the new NFT auction house, Christie’s offers an exclusive collection of nine NFT photography art pieces by multi-talented NFT artist Diana Sinclair.
Christie’s continues to grow its web3 presence
Founded in London in 1776, more than 250 years ago, Christie’s is one of the world’s most recognized art auction houses. Some of the most valuable art ever to exist has been sold there, and now it wants to build the same legacy on the blockchain.
Christie’s has already played a huge role in the rise and acceptance of NFT art in the traditional art industry. In March 2021, Christie’s auctioned Beeple’s “Everydays: The First 5,000 Days” artwork for $69.3 million. Notably, this was long before other companies knew what NFTs were
The sale helped bring the term NFT into the mainstream and the sheer value of the sale made people aware of the emerging digital art market. Now, it is the first global auction house to create an NFT marketplace.
Christie’s 3.0 is a new NFT auction marketplace
Christie’s 3.0 offers a truly decentralized, transparent experience. In fact, all auctions take place on the public Ethereum blockchain from start to finish. The renowned art auction house seeks to provide additional tools and services for compliance and tax issues.
Speaking about the process of creating an on-chain NFT marketplace, Nicole Sales Giles, Director of Digital Art Sales at Christie’s said, “Incorporating regulatory tools like anti-money laundering and sales tax, we’ve created an inclusive solution where both experienced and new NFT collectors can feel safe transacting with Christie’s 3.0.”
Christie’s NFT Marketplace is built by industry experts
The new platform is made possible thanks to a partnership with leading web3 companies, Manifold, Chainalysis, and Spatial. Manifold is a startup minting platform, Chainalysis is a blockchain data analytics company and Spatial is a Metaverse platform.
Together, the team has worked hard to create a decentralized, fully on-chain NFT auction experience that matches the luxury and opulence of a real-life Christie’s art auction house.
“Christie’s 3.0 is an on-chain auction platform dedicated to exceptional NFT art. Whether you’re new to NFT or already a committed member of the community, discover and bid on exclusive drops created by Christie’s,” Christie said.
The first Christie’s NFT collection is now live!
NFT art collectors won’t have to wait long to sample Christie’s new NFT auction market. Christie’s 3.0 is now live, and they’ve chosen a unique art collection to kick-start the marketplace.
The inaugural NFT auction consists of nine NFT pieces specially created for the occasion. The artist behind this work is eighteen-year-old art sensation Diana Sinclair. His first solo collection, stagesis already gathering huge attention online.
The project is wonderfully immersive and has a central theme of transformation. Bidding starts at 4 ETH and runs until October 11th, exclusively on Christie’s 3.0, Christie’s new NFT art marketplace.
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This article is educational material.
As always, do your own research before making any type of investment.
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