Venture Capital: Christie’s, The 256-Year Old Art Auctioneer, Launches Venture Fund

July 19, 2022 | Latest News, News, Venture Capital
https://dailyalts.com/wp-content/uploads/2022/07/christies-dubai-exterior-saleroom-v2.jpg

The new Christie’s venture fund will support technology and fintech startups focused on the art market.

Christie’s, the venerable art and luxury business and auction house with a global presence, announced Monday the launch of Christie’s Ventures, a fund that will invest in Emerging Technology and FinTech companies creating solutions to enhance the art market. (Christies.com)

The new venture fund will focus on the following three areas:

  • Web3.o innovation
  • Art related financial products and solutions
  • Technologies that enable seamless consumption of art

“We 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,” said Devang Thakkar, the newly appointed Global Head of Christie’s Ventures. “Our leadership has provided us with an excellent vantage point thus far and the launch of Christie’s Ventures will allow us to develop further and faster with entrepreneurs who have a strong track record of building great products and companies.”

Christie’s Ventures has made its first portfolio investment in LayerZero Labs, which is building a community of cross-chain developers creating decentralized applications. The developers will use LayerZero’s messaging protocol to make these apps work across different blockchains.

Bryan Pellegrino, LayerZero Co-Founder and CEO, remarked: “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.”

Related Story: Gucci To Soon Accept More Than 10 Cryptocurrencies At Five Select US Stores

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/08/logo-ripple.jpg
Digital Assets: Ripple Labs Eyeing Pieces Of Celsius In Bankruptcy Wreckage
August 10, 2022     Digital Assets, News

Ripple Labs, the blockchain payments company that created the XRP cryptocurrency, is interested in purchasing assets of Celsius Network, the crypto lender that was forced into bankruptcy amidst the meltdown…

https://dailyalts.com/wp-content/uploads/2022/08/Nuri.png
FinTech: German Bank Nuri Files For Insolvency Amidst Macro Environment And Crypto Bear Market
August 10, 2022     Digital Assets, FinTech, News

Nuri, a digital banking platform and app, offered users crypto transactions as well as normal banking activities including a debit card. The firm announced it had filed for insolvency on…

https://dailyalts.com/wp-content/uploads/2022/08/TX-SCARA_Press_1-1-1-1030x644-1.jpg
Artificial Intelligence: AI Robot TX SCARA To Debut In 300 FamilyMart Stores In Japan
August 10, 2022     Artificial Intelligence, Latest News, News

Telexistence Inc., the Japanese robotics company, announced the launch of its TX SCARA restocking robots in 300 FamilyMart convenience stores in Japan later this month as part of its AI-based…

https://dailyalts.com/wp-content/uploads/2022/08/Coinbase-Mobile-–-Splash.png
Alternative Investments/Digital: GraniteShares Launches The First Coinbase Leveraged ETF
August 10, 2022     Alternative Investments, News

US ETF issuer GraniteShares, which first launched leveraged ETFs on single stocks in the UK in 2019, and now offers 106 such products across Europe, has listed a suite of…