Christie’s 3.0 is partnering with Chainalysis and Manifold to sell NFT artwork on Ethereum. Luxury auction house Christie’s has launched an on-chain platform to allow non-fungible tokens ( NFT ) art. This will be the first global auction that allows for fully on-chain transactions.
The new platform, Christie’s 3.0 was developed in partnership with Chainalysis, Manifold, metaverse builder Spatial, and NFT minting platform Manifold. All pre- and post-sale transactions will be handled on the Ethereum blockchain.
Christie’s has partnered with chainalysis and manifold for the launch of Christie’s 3.0
The inaugural sale of the platform will be held on September 28th. It will include nine NFTs from Diana Sinclair and a collection called “Phases.
The auction will take place simultaneously with Christie’s New York’s solo exhibition. Christie’s stated in a statement that it recognizes and brings young emerging artists to an international market.
Nicole Sales Giles is Christie’s director for digital art sales. She noted the importance of moving the whole auction process onto-chain. We have created a solution that both new and veteran NFT collectors will feel safe transacting with Christie’s 3.0 by incorporating regulatory tools such as anti-money laundering, sales tax, and other tax.
Since the digital asset boom of early 2021, the 255-year-old auction house has supported the sale of NFTs. Beeple’s “EVERYDAYS – THE FIRST 5000 DAYS” NFT was sold to the auction house in February 2021 for \$69.3 Million. In September 2021, it started selling Curio Cards an early collection of NFTs.
Sotheby’s is not the only auction house to embrace NFTs. They have helped bridge the gap between digital and fine art spaces. Sotheby’s launched its own NFT platform Sotheby’s metaverse in October and has since released six NFT collections.