Christie’s Goes Fully On-Chain With New Ethereum NFT Marketplace
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Christie’s has already made a big splash in the NFT space, most notably auctioning Beeple’s "Everydays: The First 5,000 Days" artwork for $69.3 million in March 2021. The storied auction house is now fully embracing Web3’s decentralized ethos by launching a new marketplace in which auctions take place on the public Ethereum blockchain.
Launched today, the Christie’s 3.0 marketplace is built so that transactions are recorded in full on the Ethereum blockchain. The 256-year-old auction house says it will also provide tools for compliance and tax purposes.
The new Christie’s platform was created in collaboration with Manifold, a startup focused on smart contracts, or the code that powers NFTs and other decentralized apps. Christie’s has also partnered with blockchain analytics firm Chainalysis and metaverse platform Spatial to enable additional functionality for its marketplace.
The inaugural sale is a highly curated auction of 9 new NFTs by celebrated visual artist @dianasinclair, created & minted specifically to launch Christie’s 3.0.
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