Christie's to Offer Blockchain-Based Ownership Certificates for Photography Collection
Summary
Christie's is issuing digital certificates of ownership for a photograph collection by Trevor Traina, using blockchain technology. The auction at Rockefeller Center in New York will feature 130 lots with certificates minted by Kresus on Base, an Ethereum layer-2 blockchain by Coinbase. This initiative aims to enhance transparency and security in art collection. Christie's has been involved in blockchain innovations since 2021, notably auctioning Beeple's "Everyday" collection for $69 million, marking a significant moment in NFT sales.
