The auction house Christie’s launches a fund for investment in Web3 – Bits Media

Британский аукционный дом Christie’s запускает инвестиционный фонд Christie's Ventures, which is focused on web3 projects, related arts, and technologies for their consumption.

The fund will cooperate with portfolio companies, to accelerate their development and at the same time promote their activities in the field of art sales. The auction house will focus on three areas: Web3 innovation; financial products, art related; as well as technologies for their consumption.

Christie's also announced the creation of its first portfolio company, LayerZero Labs.. The company aims to unite the cross-chain developer community to create decentralized applications, capable of freely interacting with different blockchains.

According to auction house co-founder and CEO Brian Pellegrino (Bryan Pellegrino), the company is already ready to start working with the team, to jointly create innovative products, aimed at interacting with multiple blockchains.

Christie's Ventures does not plan to create something fundamentally new - the fund will improve existing developments, and also focus on solving real business problems and improving the quality of customer service. The company is betting big on the art market, so we should expect new NFT projects.

Previously, the auction house entered into a partnership with the popular NFT trading platform OpenSea, in which Christie’s experts will oversee special auctions.