Auction house Christie’s is debuting an Ethereum-based NFT marketplace named Christie’s 3.0.
Starting today, the inaugural NFT marketplace sale will launch an exclusive nine-piece collection from Web 3.0 18-year-old internationally-awarded artist, Diana Sinclair.
The concept is built for the entire transaction for an art piece to be recorded in full on the Ethereum blockchain.
The 256-year-old fine art auction house said it will build compliance, taxation, and anti-money laundering tools into the platform.
As well as partnering with blockchain analytics firm Chainalysis and metaverse platform Spatial to help boost the marketplace, the Christie’s platform was developed in partnership with technology start-up Manifold.
“The launch of Christie’s 3.0 signifies an institutional expansion of the regulated market for digital assets, which both validates NFTs as an art form and provides incredible benefits for digital artists,” said co-founder of Manifold, Eric Diep.