October 3, 2022<\/p>\n\n\n\n
By Murtuza Merchant<\/p>\n\n\n\n
The renowned art auction firm Christie’s is introducing its very own on-chain Ethereum NFT auction house.<\/p>\n\n\n\n
The new on-chain Christie’s 3.0 platform formally emphasizes the significance of NFT art and how seriously the conventional art business is adopting web3.<\/p>\n\n\n\n
Since Christie’s 3.0 is an open platform, anybody may place a bid on any item.<\/p>\n\n\n\n
You must first link your digital wallet to the site to place a bid on the piece of art you want.<\/p>\n\n\n\n
In addition, Diana Sinclair, a multi-talented NFT artist, provides a unique collection of nine NFT photography art pieces as part of Christie’s celebration of the opening of the new NFT auction house.<\/p>\n\n\n\n
Christie’s Web3 presence is still expanding<\/strong><\/p>\n\n\n\n One of the most well-known art auction houses in the world, Christie’s was established in London in 1776, more than 250 years ago.<\/p>\n\n\n\n As a result, some of the most priceless works of art ever created have been sold there; now, it wants to continue this heritage on the blockchain.<\/p>\n\n\n\n In the traditional art market, Christie’s has already had a significant impact on the emergence and acceptance of NFT art.<\/p>\n\n\n\n Christie’s sold Beeple’s “Everydays: The First 5,000 Days” artwork for $69.3 million in March 2021.<\/p>\n\n\n\n Notably, this was accomplished long before other businesses were even aware of NFTs.<\/p>\n\n\n\n The auction contributed to the popularisation of the term “NFT,” and the sale’s high price alone raised awareness of the growing digital art industry.<\/p>\n\n\n\n It is now the first international auction company to develop an NFT market.<\/p>\n\n\n\n \u201cChristie\u2019s 3.0 is an on-chain auction platform dedicated to exceptional NFT art. Whether you\u2019re new to NFTs or already a committed member of the community, discover and bid on exclusive drops curated by Christie\u2019s,\u201d Christie\u2019s said.<\/p>\n\n\n\n New NFT auction marketplace Christie’s 3.0<\/strong><\/p>\n\n\n\n A totally decentralized, transparent experience is provided by Christie’s 3.0.<\/p>\n\n\n\n In actuality, the entire auction process happens on the open Ethereum blockchain.<\/p>\n\n\n\n The renowned art auction firm also plans to offer more resources and services for tax and compliance problems.<\/p>\n\n\n\n Speaking about the process of creating an on-chain NFT marketplace, Christie\u2019s director of digital art sales, Nicole Sales Giles, said, \u201cBy incorporating regulatory tools, such as anti-money laundering and sales tax, we have built an inclusive solution where both veteran and new NFT collectors can feel secure in transacting with Christie\u2019s 3.0.\u201d<\/p>\n\n\n\n The Christie’s NFT marketplace was developed by industry professionals<\/strong><\/p>\n\n\n\n Due to a collaboration with prestigious web3 businesses Manifold, Chainalysis, and Spatial, the new platform is now possible.<\/p>\n\n\n\n Chainalysis is a blockchain data analytics firm, Manifold is a startup minting platform, and Spatial is a metaverse platform.<\/p>\n\n\n\n As a result, the team has put a lot of effort into developing a decentralized, entirely on-chain NFT auction experience that rivals the splendor and luxury of the actual Christie’s art auction house.<\/p>\n\n\n\n \u201cChristie\u2019s 3.0 is an on-chain auction platform dedicated to exceptional NFT art. Whether you\u2019re new to NFTs or already a committed member of the community, discover and bid on exclusive drops curated by Christie\u2019s,\u201d Christie\u2019s said.<\/p>\n\n\n\n Now available is the inaugural Christie’s NFT collection<\/strong><\/p>\n\n\n\n It won’t take long for NFT art collectors to experience Christie’s new NFT auction marketplace.<\/p>\n\n\n\n Christie’s 3.0 is currently operational, and to launch the market, they have selected a distinctive art collection.<\/p>\n\n\n\n Nine NFT works made expressly for the event are being offered in the first NFT auction.<\/p>\n\n\n\n Diana Sinclair, an 18-year-old art star, is the creator of the piece.<\/p>\n\n\n\n Phases, her debut solo album, is already receiving a tonne of internet attention.<\/p>\n\n\n\n The concept has a very immersive design and focuses on change.<\/p>\n\n\n\n Exclusively on Christie’s new NFT art marketplace, Christie’s 3.0, bidding begins at 4 ETH and lasts until October 11th.<\/p>\n\n\n\n About the author<\/strong><\/strong><\/p>\n\n\n\n Murtuza Merchant is a senior journalist and an avid follower of blockchain and cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":" October 3, 2022 By Murtuza Merchant The renowned art auction firm Christie’s is introducing its very own on-chain Ethereum NFT auction house. 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