Christie’s launches NFT sales platform on Ethereum

Christie’s launches NFT sales platform

Popular NFT auction house Christie’s has launched its dedicated NFT on-chain auction platform on the Ethereum network. On-chain transactions are those that have been validated or authenticated and lead to an update to the overall blockchain network.

With the launch of its own auction platform, Christie’s will now allow auctions to be carried out fully on-chain on the Ethereum network, fully embracing Web 3.0 and decentralization.

Christie’s digitalized auction platform is called Christie’s 3.0. With the launch of the new marketplace, auctions and transactions will happen as they do on popular NFT marketplace OpenSea and payments can be made in Ether.
Christie’s 3.0 was created in collaboration with Manifold, a startup focused on smart contracts. Moreover, Christie’s has partnered with blockchain analytics firm Chainalysis and metaverse platform Spatial to enable further functionality for its marketplace.

The new venture was announced via Christie’s Twitter handle and was paired with the launch of a project exclusive to the new marketplace by artist Diana Sinclair, featuring nine NFTs which can be viewed in an online virtual gallery built by Spatial.

Christie’s makes it big in NFT sales

For perspective, the British auction house is best known for auctioning one of the most expensive NFTs, Beeple’s “Everydays: The First 5,000 Days” artwork for $69.3 million way back in March 2021. Christie’s has also conducted some popular NFT sales like the auction of nine CryptoPunks in May 2021 with the winning bid coming in at nearly $17 million.

Article Default Disclaimer

Share this:

IN THIS ARTICLE

Subscribe to our newsletter

Weekly crypto updates and insights delivered to your inbox.

Browse our Newsletter Archive for past editions.

SnowSnow

Thank you for subscribing!
Please verify your email to start receiving the latest issues from Switch in your Inbox.
Powered by

Build your crypto portfolio on the
CoinSwitch app today

Scan the QR code below or find us on Google Play
Store or Apple App Store.

Build your crypto portfolio on the
CoinSwitch app today

Scan the QR code below or find us on Google Play Store or Apple App Store.