Christie's auction house launches NFT-marketplace based on Ethereum

Manifold, Spatial and Chainalysis participated in the development

28.09.2022 - 14:00

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What’s new? After a series of successful sales of non-fungible tokens (NFTs), the British auction house Christie's launched its own specialized platform that allows auctions on the Ethereum network. Christie's 3.0 trading platform was developed in partnership with NFT smart contract developer Manifold, metaverse developer Spatial, and analytics firm Chainalysis.

The first ever global auction house to host fully on-chain sales: introducing Christie’s 3.0 Built from the ground up together with three leading companies in the Web3 community @manifoldxyz , @chainalysis & @spatialxr. (1/4)https://t.co/3zcQxNtBLy— Christie's (@ChristiesInc) September 27, 2022

What is known about Christie's? It is a British auction house founded in 1766. It is the leader of the world art market, with offices in 46 countries in North and South America, Europe, the Middle East and the Asia-Pacific region, with major international sales centers in New York, London, Hong Kong, Paris and Geneva. It is the only international auction house authorized to hold sales in mainland China (Shanghai).

In August 2021, Christie's auctioned the Curio Cards NFT collection, the tokens were released back in 2017 and were among the first digital collectibles. In December 2021, Christie's organized the auction of the first version of the online encyclopedia Wikipedia.

New York’s Museum of Modern Art plans to buy NFTs with part of the proceeds from the sale of the collection of the late William Paley, founder of the CBS media holding company. Museum officials expect to make $70 million at the auction.

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