February 27, 2024

Christie's Launches Venture Fund to Invest in Web3 and Blockchain Solutions

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.

Top 10 Most Expensive NFTs: Cryptopunks, Pixels, and Snowden

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