The world's most premier auction house has joined three metaverse firms to embrace Web3 artworks
Christie’s, arguably the world’s most famous auction house, launched last week Christie’s 3.0, a web3-based platform for blockchain-based, non-fungible token (NFT) sales. The new marketplace will showcase the St James, London-based company’s dedication to Web3 collectors, artists, and enthusiasts, just days after the Ethereum Merge in late September. Three major tech firms — Spatial, Manifold, and Chainalysis — launched a joint effort with Christie’s to develop the platform. Users buying and selling on Christie’s 3.0 use the Ethereum blockchain across the auction process while providing compliance and taxation tools essential for cryptocurrency regulation. Web3 and NFT artist Diana Sinclair will auction eight of her minted collections, including Doomsday, Ego, I Am That I Am, I Want to Nurture, and River over Stone, for the platform’s launch from up to 11 October, with artworks priced from 4 to 8 ETH. The artist, curator, and activist earned recognition from Forbes as One of the 50 Most Influential People in NFTs for creating artworks on numerous social justice causes. She stated that the next renaissance would develop from the merger of art and technology.