Christie's Launches Blockchain NFT Trading Platform

Christie's has launched an $NFT trading platform on the blockchain. The platform was created in collaboration with smart contract startup Manifold, which also specializes in non-fungible tokens (NFTs) and decentralized applications (dApps). Christie's has partnered with analytics firm Chainalysis and metaverse platform Spatial to provide additional functionality to its platform.

Ethereum-based Christie's 3.0 will allow all transactions to be recorded on the blockchain, making the site more like OpenSea or Rarible. At the same time, the company will provide tools for compliance with legislation and taxation.

Christie's digital art sales director Nicole Sales Giles said the new platform will allow users to collect NFTs the way they were originally intended. The only difference will be that the auction house will still act as an intermediary and curator, preventing users from listing their NFTs themselves.

Image: Office Life