Popular crypto wallet Watercress has been associated with the iconic x.com/ChristiesInc” target=”_blank” rel=”noopener”>christian auction house to support an upcoming photo auction by issuing nfts for each lot as a token of demonstrable ownership.
Noble “A look at the real: photographs from the collection of ambassador Trevor Traina”More than 130 lots will be auctioned, and Kresus will issue a certificate of ownership on the ethereum Layer-2 blockchain base for each lot.
The auction will take place today, October 2, at Christie's Rockefeller Center, located in the heart of New York City's Diamond District.
How does Kresus work with Christie's?
For this collaboration, Kresus will mint a total of 132 1 of 1 digital certificates – one for each of the lots sold during the auction – that will help verify the owners of the pieces, and authenticate the ownership of each of the pieces. lots.
“Blockchain allows many things. As an art collector, I am well aware of the burden of managing and maintaining provenance and proper documentation, often on paper and in filing cabinets,” said Trevor Traina, founder of Kresus. “This partnership with Christie's exemplifies how technology can enhance collectors' experience by providing a secure digital way to manage physical assets.”
Nicole Sales Giles, vice president and director of digital art at Christie's, added: “At Christie's, we are always looking for innovative ways to support and enhance our collectors' experience. “Working with Kresus to offer blockchain-based certificates of ownership is a natural evolution of our commitment to authenticity and transparency in the art world.”
What does this mean for art and blockchain technology?
This pilot program is an important step forward in ensuring that the modern art market can guarantee the latest in transparency and security technologies for art collectors.
Certificates of Ownership issued by Kresus will be a focal point of the auction, with the hope that a successful partnership can lead to new commitments in the future.
The auction features a variety of contemporary and postwar works by artists such as Diane Arbus, William Eggleston, Robert Frank and Cindy Sherman, and the collection highlights many mid-century themes, such as the prominence of female photographers and the evolution of photochromism.
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