Iftnews | Christie's launched its venture capital department, aiming at Web3 and metauniverse industries

Christie's, a British art auction house, is setting up a venture capital department , To invest in startups that make art trading easier , It also includes blockchain companies .

Christie's launches Investment Fund Christie's Ventures, The main purpose is to bet on startups that are considered too risky by traditional venture capital companies .

Its first investment is cross chain interoperability agreement LayerZero, This Canadian company helps digital asset holders spread their assets across multiple blockchains ,LayerZero The CEO of is confident in the ability to simplify the art transaction process across multiple blockchains .

since 2018 Since then , Christie's has always been eager to embrace art and its digital forms of expression , For this reason, a two-day Art Festival is held every year + Technology Summit .

at that time Beeple Of 《Everydays: The First 5000 Days》 The initial valuation of the work was only 100 dollar , But when it is in 2021 Christie's auction in 6930 After selling for $10000 , Christie's welcomes digital art and NFT Era .

NFT Difficult times of Art

As the development trend of the encryption market becomes gentle , Christie's NFT Sales volume 2021 After the boom in, it fell , from 2021 More than... In the first six months of the year 9000 Sales of $million fell to a negligible level in the first quarter of this year 460 Thousands of dollars .

The long bear market led to NFT The overall sales volume of , stay 6 At a charity auction in August , Christie's digital art sales director said ,NFT Buyers have become more picky about the choice of artists .

But there are some works of art exceptions , Such as Bored Ape Yacht Club and CryptoPunks series , Their sales performance in the past few weeks has been very good .

Christie's wants to be at the forefront

As the first art auction house to register art sales on the blockchain , Christie's hopes to continue this technological momentum through future investment .

The global head of the auction house's venture capital department said , The company hopes to invest in companies that can solve the problems plaguing the art industry , This includes verifying the authenticity of the artwork 、 Record the art owner and NFT Safe storage and sales company .

This new initiative also aims to promote new forms of Digital Art .

2022 In the spring , The company displayed holograms of bronze statues of ballerinas on the floors of its showrooms in Hong Kong and San Francisco , Later, this work was written in 4200 $10000 sold .

Head of venture capital Devang Thakkar Express , Now is the time to put the company at the forefront of innovation , In order to quickly obtain the cutting-edge technology to shape the future of Art , But it also requires new tools to help people protect their digital assets from theft .

Web3 It has become the most interesting field for venture capital institutions

Decentralized Finance (DeFi) And centralized finance (CeFi) Blockchain infrastructure 、Web3 and NFT In all major areas of the blockchain industry ,DeFi Basically, it's always been VC（ Venture capital organization ） The main areas of capital inflows , But now it may change .

2022 In the first quarter of 2013 , Venture capital institution pair Web3 Of all single transactions 42% about ,DeFi With 16% Far behind the second place .

Among the top ten most active ventures , Also have 7 Home has chosen Web3 As an investment field .

Although the investment trading volume of the top ten investment institutions has become less than before , But also with the game production team Epic Games Reached 20 A billion dollar deal , The main purpose of the transaction is to combine sports with the encrypted world , To expand its development space .

thus it can be seen , Now the metauniverse and Web3 It has become the theme of large-scale transactions , The driving force behind this new trend is that major companies are actively deploying the meta universe .

Recently, many large companies have acquired blockchain and other encryption companies ：

Game development company Animoca Brands Acquired GameFi Three companies in the field and other companies in the field of education and marketing ;eBay Acquired NFT market Known Origin, To help expand the customer base of its products ;Algorand and Hivemind Acquired Napster, To promote music NFT Market development , Improve the income of consumers and music creators .

Summary

Judging from the actions taken by Christie's and other encryption companies ,2022 The year will be a record year for blockchain related venture capital , Companies focusing on blockchain and other encryption areas raised 148 Billion dollars , Almost 2021 Half of the annual total .

Despite the bear market , These investment activities have weakened , But focus on blockchain 、Web3 The start-ups of Heyuan universe will continue to attract a lot of money , Become the focus of investment .

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source ：cointelegraph

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