Christie's launches venture capital fund for Web3 and blockchain investments

According to the auction company, its first investment will be in LayerZero Labs, a company developing solutions to enable omnichain decentralized applications. New

Christie's, the auction house known for its sales of fine art and luxury items, has launched an investment fund to support emerging companies with technology enabling 'transparent art consumption' .

In an announcement on Monday, the auction house said the fund, Christie's Ventures, would financially support businesses in Web3, "art-related financial products and solutions" and digital-related technology. art and luxury goods. According to Christie's, its first investment will be in LayerZero Labs, a company developing solutions to enable omnichain decentralized applications, enabling more seamless transfer of assets between blockchains.

"We will focus on products and services that can solve real business challenges, improve the customer experience and expand growth opportunities, both directly in the art market and for interactions with it. ci," said Devang Thakkar, Global Head of Christie's Ventures.

Christie's launches its own in-house investment company, Christie's Ventures. The entity will aim to provide seed funding to start-ups whose technologies could ultimately help collectors buy and sell more art, digital or otherwise. https://t.co/rzGlaVRAFM

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