Christie's launches venture fund, makes first investment in web3 company

Quick Take

  • Christie’s has launched a venture fund to make investments that “enable seamless art consumption.”
  • The first investment will be in a blockchain interoperability startup called LayerZero Labs. 

Christie's, the renowned British art and luxury business, has launched an investment fund that will aim to support emerging technology and fintech companies related to the art market.

The new fund, called Christie's Ventures, will initially focus on three areas: web3 innovation, financial technology related to art, and other solutions that "enable seamless consumption of art," according to a statement from the company. 

The venture arm's first investment is in LayerZero Labs, an interoperability protocol that makes moving assets between different blockchains easier for clients. The company did not reveal the size of the venture fund or how much it will invest in LayerZero Labs. 

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