Christie’s Announces the Launch of a Blockchain NFT Trading Platform

Christie’s has launched a blockchain-based NFT trading platform. The platform was developed in partnership with Manifold, a smart contract business that specializes in non-fungible tokens (NFTs) and decentralized apps (dApps). Christie’s has teamed with analytics firm Chainalysis and metaverse platform Spatial to expand the platform’s functionality.

Ethereum-based Christie’s 3.0 will enable all transactions to be recorded on the blockchain, similar to OpenSea or Rarible. Simultaneously, the organization will supply instruments for ensuring compliance with legislation and taxation.

Nicole Sales Giles, Christie’s digital art sales director, stated that the new platform will allow users to gather NFTs the way they were intended. The only difference is that the auction house will continue to operate as an intermediary and curator, prohibiting users from advertising their NFTs directly.