Christie’s, one of the oldest British auction houses, announced the launch of Christie’s 3.0 trading platform on the blockchain, which will act as a curator and intermediary in NFT transactions.
The new platform was created in collaboration with smart contract startup Manifold, which also specializes in non-fungible tokens (NFTs) and decentralized applications (dApps). In addition, Christie’s is partnering with analytics firm Chainalysis and metaverse platform Spatial to bring additional functionality to its site.
Although Christie’s had already held several NFT auctions in the past, the transactions did not use the blockchain – that is, the transactions were not transparent. Ethereum-based Christie’s 3.0 will allow all transactions to be recorded on the blockchain, making the site more like OpenSea or Rarible. At the same time, the company will provide tools for compliance with legislation and taxation.
Director of sales of digital art Christie’s Nicole Sales Giles (Nicole Sales Giles) said that the new platform will allow users to collect NFTs as originally intended. The only difference will be that the auction house will still act as an intermediary and curator, preventing users from listing their NFTs themselves.
Earlier, Christie’s announced that it is launching an investment fund Christie’s Ventures, which focuses on Web3 projects related to art and technology for their consumption.
Source: Bits
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