By
Chimamanda U. Martha
April 17th, 2024
The first sale that will take place on Christie’s 3.0 marketplace is a collection of 9 NFTs created by Diana Sinclair, a leading visual artist in the Web3 space.
World-leading art and luxury auction house Christie’s has gone on chain with the launch of its Christie’s 3.0, Ethereum-based non-fungible token (NFT) marketplace dedicated to exceptional NFT art. The platform allows full on-chain NFT sales that will be recorded on the Ethereum network.
To launch Christie’s 3.0, the auction house partnered with Manifold, an AI startup that builds scientific infrastructure for the modern era. In addition, Christie’s has teamed up with blockchain analytics firm Chainalysis as well as metaverse platform Spatial. They will enable additional functionality for Christie’s 3.0 NFT marketplace.
Notably, in addition to recording all the transactions, Christie’s has also promised to integrate the necessary taxation and compliance tools.
Nicole Sales Giles, Christie’s director of digital art sales, said:
“I am delighted to be able to work with such inspiring digital artists – as well as a remarkable Christie’s team – to offer the public the opportunity to collect exceptional NFTs in the way they are meant to be transacted, on-chain.”
The first sale that will take place on Christie’s 3.0 marketplace is a collection of 9 NFTs created by Diana Sinclair, a leading visual artist in the Web3 space. Notably, Fortune has named 18-year-old Diana as one of the top 50 most influential people in the NFT space alongside artists like Beeple.
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.
The auction of Diana’s work will be open for bidding from 28 Sept –11 Oct. Stay tuned for more updates! (4/4) pic.twitter.com/z2FAY1ciPv
— Christie's (@ChristiesInc) September 27, 2022
From September 27th to October 5th, Diana Sinclair’s “Phases” works will be displayed at Christie’s New York.
What’s Next for Christie’sand Its NFT Moves?
Christie’s entered the metaverse space last year, with a first-of-its-kind auction that sold an NFT of the digital artist Beeple’s work for as much as $69 million. Since then, Christie’s has been moving towards embracing the NFTs world.
In July this year, Christie’s announced the launch of Christie’s Ventures, its own in-house investing firm that would focus on three areas: Web 3.0 (incorporating non-fungible tokens, cryptocurrencies, and blockchains), art-related financial products, and “technologies that enable seamless consumption of art.”
In addition, Christie’s partnered with OpenSea to curate NFT auctions.
Next, the auction house is planning to continue with curations and get deeper into Web3.
Nicole Sales Giles said:
“We are hoping to create a platform where collectors can discover and collect the best digital artworks by the most sought-after artists. Christie’s 3.0 will enable us to scale our digital art programming and work with more emerging digital artists to amplify their voices on the Christie’s stage.”
For now, NFTs from Diana Sinclair will be an exclusive offer from Christie’s. Instead of listing anybody’s artwork or collectibles, Christie’s will curate NFT projects, bringing non-fungible tokens into the mainstream.