Christie’s Launches Venture Capital Arm to Support LayerZero for Art Trading

London-based British auction house Christie’s has announced its undisclosed investment in LayerZero, the first ever commitment it will be made through its new investment arm- Christie’s Ventures.


As revealed by the company, Christie’s Ventures will deploy funds to back emerging tech startups and financial innovations that are relevant to the art market.

“As a global leader in the art market, Christie’s has both an incentive and a responsibility to further innovation and deepen experiences for our clients,” said Ben Gore, Christie’s Chief Operating Officer, adding that “the intersections of technology and financial products are increasingly relevant and prevalent, and we believe strongly in the opportunities ahead. For the companies we select to work with, as well as for our clients, the Christie’s Ventures value proposition combines the power of our brand and capital together with our network and expertise; it is another example of the formidable Christie’s Advantage.” 

The new Christie’s Ventures offshoot will be led by Devang Thakkar, who said the investment arm will “focus on products and services which can solve real business challenges, improve client experiences, and expand growth opportunities, both across the art market directly and for interactions with it.”

Christie’s has always been setting the pace when it comes to embracing digital innovations. The company signalled its full backing for the digital currency ecosystem and Non-Fungible Token (NFT) offshoot when it helped auction Mike Winkelmann’s record-breaking NFT collage dubbed Everydays: The First 5000 Days.

The NFT was later revealed to be acquired for $69.3 million by Metakovan. Per the ultimate goal of Christie’s Ventures, any startup with the promise of advancing arts reach will be getting financial and professional support.

More major industry players across both Web2.0 and Web3.0 are floating funds through which they plan to invest heavily in Web3 initiatives. With the investment into LayerZero, Christie’s has revealed how willing it is to deepen its ties in the nascent blockchain world.

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MoonPay Lands $750K World of Women NFT in Christie’s Auction

Digital currency payments startup, MoonPay, has come off as the lucky winner of an auction for a World of Women (WoW) Non-Fungible Token (NFT).


Reportedly, acting on behalf of a client, the WoW NFT #5672 was snapped up for £567,000 ($754,340) at the auction conducted at Christie’s London Evening Sale announced on Tuesday.

The WoW NFT is a collection of 10,000 unique digital drawings of women with various traits. The collection sought to celebrate women ad its community is dedicated to celebrating representation, inclusivity, and an equal opportunity for all. Based on the ideals that the WoW NFT stands for, the collection has been attracting high-profile sales in recent times.

As reported earlier by Blockchain.News, financial advisory services firm KPMG in Canada was amongst the prominent buyers that snapped up the WoW NFT in the past week. In justifying its reasons, the company said the values represented by the WoW NFT collection resonate with its broad tenets.

The floor price of the WoW NFT is currently pegged at 8.74ETH, with a total of over 54,000 ETH in volume sold thus far. The #5672 is one of the NFTs that has a rare trait, described as having a night goddess skin tone and a tuxedo with full black hair and a conspicuous reddish lip.

While it is unclear who the buyer MoonPay purchased for, the service rendered compliments its tailored services which it floated last year and described as a “White glove service for high net worth individuals who want to purchase NFTs most simply without all the hassle of setting up a wallet, buying crypto, using that crypto to purchase an NFT, and then taking custody of it.” 

The recent purchase by MoonPay generally echoes the building hype around NFTs, and apparently, more corporate investors are becoming more interested in becoming proud owners of a rare collectable.

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Christie’s Sold $150M Worth of NFTs This Year

Key Takeaways

  • Christie’s has revealed that it made nearly $150 million in revenue from NFT sales this year.
  • The auction house’s total global sales this year were strong at $7.1 billion.
  • Christie’s foray into the world of NFTs likely contributed to the wave of enthusiasm around NFTs in 2021.

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World-famous auction house Christie’s has made nearly $150 million in revenue this year from NFTs alone. 

A Novel Moneymaker

Christie’s, the British auction house founded in 1766, announced today that it had sold close to $150 million worth of NFTs in 2021 “after launching this new market first on the global auction stage.”

This represents a rather small portion of Christie’s total sales this year, which it projects to be $7.1 billion globally; total sales for the auction house were roughly 54% higher than they were last year. These are Christie’s highest numbers in the last five years. 

Traditional art still dominated Christie’s sales this year: two of the most valuable works sold at auction in 2021 were a Picasso at $103.4 million and a Basquiat for $93.1 million. However, the same May evening that the Basquiat sold, nine CryptoPunks—arguably the most famous NFT collection in the world—sold at auction for a total of $16.9 million. 

Beeple was easily the most valuable NFT artist represented in the auction house’s catalog this year. In March, he sold his “Everydays: The First 5,000 Days” NFT at Christie’s for $69.34 million. This sale arguably kicked off the NFT craze that characterized this year.

In November, Christie’s sold another one of Beeple’s works, called “HUMAN ONE,” a 7-foot-tall astronaut sculpture that was paired with an NFT, for just under $29 million. That same month, Christie’s and OpenSea partnered to sell a whole collection of NFTs.

Total sales volume for the entire NFT market has been estimated at $12 billion in 2021, which might make the $150 million done at Christie’s seem rather small in comparison. However, it seems likely that Christie’s entrenched position in the traditional art world helped to elevate NFT art to new level of respectability.

Disclosure: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies. 

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Jimmy Wales Will Auction First Wikipedia Edit As NFT

Key Takeaways

  • Wikipedia founder Jimmy Wales is auctioning an NFT containing the first-ever edit of Wikipedia from 2001.
  • The auction will also include the strawberry-colored iMac G3 that Wales used to design the website.
  • The sale will run between Dec. 3 and Dec. 15 at Christie’s.

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Wikipedia founder Jimmy “Jimbo” Wales is auctioning his first-ever site edit as a non-fungible token or NFT.

NFT Features Wikipedia Snapshot

Though the NFT is advertised as containing Wales’ first edit, it more accurately contains the original state of Wikipedia’s website.

“‘Hello, World!’ was the first edit Wikipedia co-founder Jimmy Wales made to the site’s homepage after launching it on 15 January 2001,” the item’s auction page explains.

The NFT’s content can be seen at, which hosts a mirror of Wikipedia as it was seen on that date at 6:29 pm.

The item is part of an auction titled “The Birth of Wikipedia,” which also includes the desktop computer that Wales used to create the website: a strawberry-colored iMac G3.

The auction is being carried out via Christie’s and will run from Dec. 3 to Dec. 15. So far, the iMac has attracted bids of $2,200, while the Wikipedia NFT has attracted bids of $2,400.

Proceeds from the sale will go toward funding WT.Social, Wale’s non-toxic social network. The project aims to replace ad revenue and content algorithms with donations and choice of content.

Other Tech Leaders Have Created NFTs

Wales’ NFT sale resembles two earlier auctions from tech leaders. In June, Tim Berners-Lee auctioned the source code for the World Wide Web as an NFT via a $5.4 million sale at Sotheby’s.

In March, Twitter co-founder and former CEO Jack Dorsey sold his first tweet as a non-fungible token for $2.9 million.

At that time, Wales joked about selling his iMac, noting that unlike an NFT, “it’s real and I could bring it to you.” Now it seems that Wales has decided to follow through and sell both items.

Disclaimer: At the time of writing this author held less than $100 of Bitcoin, Ethereum, and altcoins.

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OpenSea and Christie’s Partner on NFT Collection

Key Takeaways

  • Christie’s has partnered with OpenSea to sell a new collection of non-fungible tokens to art collectors.
  • This sale will take place on the major NFT marketplace OpenSea rather than Christie’s own website.
  • Christie’s said earlier this fall that it has sold more than $100 million in NFTs through previous sales.

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OpenSea and Christie’s have partnered to auction a series of non-fungible tokens to art collectors around the world.

Sale To Be Headlined by Mad Dog Jones

The sale is headlined by Mad Dog Jones, who previously had an NFT sold by the Phillips auction house this year. His animated piece, titled “Forever,” will be on auction during Christie’s sale.

The sale will also include works from artists such as Blake Kathryn, Fvckrender, Victor Mosquera, Krista Kim, and Olive Allen. The collection has been curated by Christie’s Noah Davis, curator Ronnie Pirovino, and the NFT news site

The auction gallery will be viewable from Dec. 1 to Dec. 3 and bidding will be open between Dec. 4 and Dec. 7.

Unlike other auctions hosted on Christie’s own website, this auction will be carried out through the major NFT marketplace OpenSea. Payments will be made through the Ethereum blockchain.

Christie’s Has Sold Over $100 Million in NFTs

Christie’s has previously auctioned several non-fungible tokens, including items from the CryptoPunks and Bored Ape Yacht Club collections, Beeple’s “Everydays” collage and “Human One” sculpture, and a digital portrait of Bitcoin creator Satoshi Nakamoto.

In September, the auction house reported that it had surpassed $100 million in NFT sales since its first auction in 2020.

Christie’s latest sale comes just as its competitor Sotheby’s has announced a charity sale, which will see the auction house sell NFTs originally created by Twitter this June.

Disclosure: At the time of writing, the author of this piece owned less than $100 of Bitcoin, Ethereum, and altcoins.

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Beeple’s Discord compromised, timed to coincide with Christie’s auction

An admin account for Beeple’s official Discord group was compromised overnight resulting in a fake NFT drop that saw users lose an estimated 38 ETH.

An admin from Beeple’s Discord named “Multi”  confirmed to the group on Nov. 10 that their account had been compromised despite having 2FA. The perpetrator went on to impersonate Multi and the Beeple Announcements Bot to promote a fake NFT drop from Beeple on Nifty Gateway.

The incident is the latest in a long line of Discord hacks that have caused users substantial losses.

Discord members were primed to expect Beeple to run a cheap drop on the back of his most recent auction since he has done it before, with raffles that saw users snap up his NFTs for as little as $1. Fans kept tabs on the the Discord channel and Beeple’s Twitter all day for a chance to snap up some bargain NFTs.

Discord member “NFT Simon” told Cointelegraph he had his Metamask wallet set up and was ready to pounce just in case.

Multi’s post after the hack: Beeple’s Discord

“When the post came up on the Official Beeple Discord, from the verified Beeple Bot and the verified Administrator with a link to a Nifty Gateway website I didn’t blink twice. I headed over and proceeded to mint as much and as fast as I could,” he said.

NFT Simon nabbed six Beeple NFTs — or so he thought — but was unable to view them on his Nifty account. Back on Discord he was dismayed to find the fake admin was writing in all caps.

“I was greeted to a multiple explicit Gifs of naked men coming from multiple users. It was clearly a scam and someone had hacked Beeple’s Discord.”

After an hour or so the original admin regained control of their login and the chat turned to outing the hackers wallets and reporting them to Binance. “Then we all watched them slowly but surely cash out our money, it was all too late,” he said.

Etherscan shows the alleged hacker’s wallet only has $9,121.54 remaining and that 25 ETH was moved abruptly. Users report more ETH was lost however.

Members of the Discord group provided a mixed reaction today, with some being reasonably calm that Beeple would sort the issue out, while others lamented over the fact that they “FOMO’d” in without thinking. 

“I still don’t own a Beeple. I know Beeple stood up for the community once when we crashed Makers Place, who knows how or if he will right things this time. I’d certainly prefer six Beeples over my ETH back,” said NFT Simon.

Beeple’s official account did not address the incident directly but posted a pinned message reading: “To everyone new, please know I will never be like HEY QUICK BUY THIS!!!!”

In response to the lack of communication, one user wrote that instead of a pinned message a “calming and understanding announcement would make things easier to accept.” 

“This was not a simple DM with a link, but a major security breach with no mods present that continued for about an hour.”

Cointelegraph has contacted the Discord admins for comment.

A post from the compromised Beeple Announcements Bot on Discord