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Cryptoknowmics 2022-09-28 10:22:59

Christie’s Auction House To Launch On-Chain NFT Art Platform

Christie’s, a luxury auction house, is opening an on-chain platform for non-fungible token (NFT) art, making it the first global auction to do so. The new platform, Christie’s 3.0, was developed in collaboration with the metaverse creator Spatial, NFT minting platform Manifold, and blockchain data company Chainalysis. It will use the Ethereum Blockchain for the whole auction process, including all pre and post-sale transactions. The first ever global auction house to host fully on-chain sales: introducing Christie’s 3.0 Built from the ground up together with three leading companies in the Web3 community @manifoldxyz , @chainalysis & @spatialxr. (1/4) — Christie's (@ChristiesInc) September 27, 2022 Christie’s On-Chain NFT Token Art Platform On September 28, the platform held its first sale, featuring nine NFTs from Diana Sinclair’s “phases” collection. A solo show at Christie’s New York will run concurrently with the online auction. “We recognize and bring young emerging artists to an international and digitally savvy market,” Christie’s said. Director of digital art sales at Christie’s, Nicole Sales Giles, highlighted the importance of online shifting the entire auction process. According to the brand’s representatives, after considering regulatory measures, such as anti-money laundering and sales tax, Christie’s has designed an inclusive solution where veteran and new NFT collectors feel confident tradi...

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