Christie’s launches web3 and fintech venture arm
Will support emerging technology and fintech companies.
Leading British auction house Christie’s has announced “Christie’s Ventures,” an investment fund that will support emerging technology and fintech companies.
In an announcement, Christie’s said its new fund will “work alongside portfolio companies to help accelerate their progress, simultaneously advancing Christie’s activities in the presentation, education, and sales of fine art and luxury goods.”
Christie’s Ventures will financially support projects in three areas: Web3 innovation, art-related financial products and solutions, and “solutions and technologies that enable seamless consumption of art.”
The auction house also announced its first portfolio company, Layerzero Labs, an omnichain interoperability protocol that enables decentralized apps (dApps) to seamlessly build across multiple blockchains.
“LayerZero is incredibly thrilled to partner with Christie’s Ventures. We’ve seen firsthand how Christie’s has been on the forefront of web3 and a pioneer in the space. We look forward to working with their team to find new and innovative ways to create the most accessible, frictionless experience with assets indexed over multiple blockchains,” said Bryan Pellegrino, LayerZero Co-Founder, and CEO.
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