Summary
TLDR: Despite public dislike, the art industry has embraced NFTs, with Christie’s auctioning Beeple’s “Everydays” for $69 million in 2021. Christie’s has since expanded into crypto with NFT auctions, investments in Web3 firms, and launching their own NFT marketplace, Christie’s 3.0.
Key Points
1. Christie’s auction house made history in 2021 with the $69 million sale of Beeple’s “Everydays” collage, showcasing the art industry’s embrace of NFTs.
2. Despite the general public’s distaste for NFTs, Christie’s has expanded further into the realm of crypto, hosting numerous NFT auctions and investing in Web3 firms through Christie’s Ventures.
3. Christie’s has even launched its own NFT marketplace, Christie’s 3.0, demonstrating the company’s commitment to integrating blockchain technology into the art world.