Christie’s has launched a venture capital fund, Christie’s Ventures, to invest in companies creating technical solutions relevant to the art market, including web3 and blockchain. Christie’s also announced its first investment in LayerZero Labs, a company that designs cross-chain applications that enables non-fungible tokens (NFTs) or other assets to be transferred between blockchains.
“The intersections of technology and financial products are increasingly relevant and prevalent, and we believe strongly in the opportunities ahead,” said Christie’s Chief Operating Officer, Ben Gore. “The Christie’s Ventures value proposition combines the power of our brand and capital together with our network and expertise.”
Accordingly, the fund will invest in ‘Web3.0 innovation, art-related financial products and technologies that enable the seamless consumption of art.’ LayerZero Labs will work with Christie’s Ventures to reduce friction in the movement of assets between blockchains.
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