Renowned auction house Christie’s has announced a partnership with non-fungible token (NFT) marketplace OpenSea. The first collection will be open for browsing from December 1, curated by Christie’s.
Christie’s was one of the first major auction houses to start paying attention to NFTs. The auction of Beeple’s EVERYDAY: 5000 days piece back in March for $69 million had an important role in helping NFTs hit the headlines beyond the niche crypto enthusiast press.
Taking a look at what’s in it for each of the parties, on the one hand, OpenSea is the largest NFT marketplace. During the three months to the end of October, $9 billion worth of transactions were processed on its platform. In the whole of 2019, Christie’s facilitated $5.8 billion in art sales.
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