British auction house Christie's announced the launch of a venture fund focused on technologycompanies developing products in the field of art.
Initially Christie's Ventures teamwill focus on three areas: Web3, art-related financial digital products and solutions that provide a “seamless interaction with art objects.”
The first investment from the fund was received by LayerZero Labs, which is developing a cross-chain protocol.
Let us remind you that Christie's is activelyinteracts with the digital art segment. In March 2021, an NFT from the artist Beeple was sold at auction for $69.3 million, and in May, nine NFTs from the CryptoPunks collection were sold at auction.
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