Christie’s is again experimenting with blockchain-based technology by issuing digital certificates of ownership for a photograph collection by Trevor Traina, the founder of wallet provider Kresus and former U.S. ambassador to Austria.
The auction house’s sale of “An Eye Towards the Real: Photographs from the Collection of Ambassador Trevor Traina,” on Wednesday at the Rockefeller Center in New York will issue digital certificates for each of the 130 lots. The ownership certificates will be minted by Kresus on Base, the Ethereum layer-2 blockchain developed by Coinbase (COIN).
“This pilot program marks a significant step forward in the art world’s adoption of blockchain technology, aligning physical works with digital certificates to ensure transparency and security for art collectors,” Christie’s and Kresus said in an emailed announcement on Wednesday.
Christie’s involvement in blockchain-based innovations goes back to 2021, when it auctioned digital artist Beeple’s “Everyday” collection for $69 million, at the time the most expensive non-fungible token (NFT) ever sold.
Cypherpunk Technologies is expanding its massive bet on Zcash by launching what it calls the…
MapleStory Universe is putting artificial intelligence in the hands of game creators with the launch…
Kalshi is making another major move beyond prediction markets, filing with the Commodity Futures Trading…
Coinbase is bringing high-leverage decentralized derivatives directly into its Base App through an integration with…
Hong Kong's first regulated Hong Kong dollar stablecoin is moving beyond testing and into real-world…
Cybersecurity researchers at Rapid7 have uncovered a sophisticated crypto fraud operation that used nearly 885,000…