Christie’s, the high end auction house, is partnering with three different Web3 companies to launch Christie’s 3.0, a fully on-chain NFT marketplace.
They are working with NFT minting platform Manifold, data company Chainanalysis and metaverse specialists Spatial. The platform allows Christie’s to manage all transactions from pre to post sales, with all transactions happening on Ethereum. Compared to previous auctions hosted by Christie’s, having these transactions on-chain on Ethereum indicated the company’s desire to make this experience truly Web3 native. The new platform is called Christie’s 3.0 and will host a curated group of NFT digital art, with bespoke art from Spatial also on display.
We will see how Christie’s is able to straddle a position between the traditional art world and the modern world of NFT digital art. The inaugural collection on Christie’s 3.0 is Phases, nine NFT pieces from 18-year-old visual artist, Diana Sinclair. This auction will run until October 11.