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Christie’s to Hold an Auction for NFT Art Blocks with Ethereum Bidding

The world’s largest auction house, Christie’s said today, would venture into new auction terrain.



Christie’s will be the first of its kind to auction off a large number of NFTs using Ethereum live bidding. Art Blocks Curated, a rising NFT series that has joined the ranks of some of the most sought-after NFTs to date will be the focus of the auction.

Let’s take a look at what we’ve learned from recent events.

Christie’s: Breaking Ground

In recent months, we’ve seen an increasing number of NFTs coming up for auction on prestigious auction houses like Christie’s and Sotheby’s. Christie’s, of course, made waves earlier this year when it sold Beeple’s “Everydays: The First 5,000 Days” for $69 million. In addition, Christie’s Encrypted, a section dedicated to NFTs, has been added to the auction house’s website.

Christie’s announced the sale of Art Blocks Curated: Sets 1-3 in an October auction in a post on the official Christie’s Twitter account. The collections will be auctioned off as part of a larger ‘Post-War to Present’ auction series. “Bidding for this piece will be handled live in ETH — a first for any leading auction house,” according to the description.

We’ve seen the likes of CryptoPunks put up for auction on big auction houses with ETH-only bidding, but this listing appears to be the first time that live bidding will be ETH-only.

For this one, leave your USD at home and bring your crypto wallet.

New Kids On The ArtBlock

ArtBlocks have maintained their position. Art Blocks has generated almost half a billion dollars in sales in the previous thirty days, securing a stable position atop the NFT charts in terms of sales volume – second only to Axie Infinity.

Many NFT initiatives are now following in the footsteps of Art Blocks, who pioneered a wave of generative art. Chromie Squiggles is the most well-known NFT within the Art Blocks banner. Squiggles are part of Art Blocks’ Curated subgroup and are expected to be a highlighted piece at Christie’s next auction next month. Squiggles have risen to prominence as the face of Art Blocks.

When it comes to bidding, Art Blocks is expected to be the first of many such auctions for Christie’s that are Ethereum-first. What a time for NFTs.


OpenSea and Kakao’s Klaytn collaborate to expand NFT across Asia

Klaytn, a Singapore-based public blockchain platform, and OpenSea, a non-fungible token (NFT) market, established a cooperation on Friday to support the Asian NFT ecosystem.



  • In order to showcase Asian NFT initiatives to a worldwide audience, the alliance involves conference collaborations and ecosystem awards.
  • The largest NFT marketplace in the world supports four blockchains: Klaytn, Polygon, Solana, and Ethereum.
  • The blockchain subsidiary of South Korean internet behemoth Kakao, Ground X, founded the Klaytn Foundation.
  • On its central bank digital currency (CBDC) pilot project, the Bank of Korea collaborates with Ground X.

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Shopify Expands Online Retailers’ NFT-Gated Options

Brands are able to increase the exclusivity of their shops thanks to the e-commerce platform.



The future of e-commerce, according to Shopify, is in NFTs.

As a new option for brands wishing to make their stores more exclusive, the online retail behemoth, which enables small businesses to construct customized e-commerce shops, is providing NFT-gated storefronts, Shopify announced on Wednesday.

In the Shopify introduction video, which includes a skating woman who passes through a pastel portal and transforms into a Doodles NFT, a voiceover urges viewers to “invite their communities into a world that acknowledges and rewards devotion.”

The video explains that token holders can access special shopping opportunities by connecting a cryptocurrency wallet, including early access to drops and limited collections as well as one-of-a-kind experiences and other surprises.

Only individuals with existing NFT collections are able to apply for early access to Shopify’s “gm” shop, which is a gated merchandise store and a play on the Crypto Twitter acronym for “good morning.”

However, those that haven’t received approval yet can still integrate NFT token-gating apps like Shopthru or Single into their Shopify sites.

Shopify announced that it has already collaborated with the Adam Bomb Squad, Doodles, World of Women, Invisible Friends, Superplastic, Stapleverse, and Cool Cats NFT collections to develop token-gated shops as part of its token-gated business launch.

Shopify is introducing “IRL” token-gating in brick-and-mortar stores in addition to online token-gating, which restricts access to certain merchandise to authorized NFT holders exclusively.

Why is this important? The future of Web3 commerce will focus on exclusivity, for one thing. NFTs, which are distinctive blockchain tokens that denote ownership over an asset, are increasingly employed as membership cards, tickets to events, and “keys” to open benefits, despite the fact that they are frequently oversimplified as digital art or “jpgs.”

Additionally, this isn’t Shopify’s first venture into NFTs: The business has been involved with Web3 since last year, when it announced the launch of NFT sales on its platform. Brands can mine and sell NFTs on Shopify to clients using the Ethereum, Polygon, Solana, or Flow platforms.

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OpenSea, beware—Uniswap is pushing into NFTs

The NFT aggregation platform Genie is being purchased by Uniswap Labs, the organization that created the Ethereum-based decentralized exchange Uniswap.



In a Bankless interview on Tuesday, Uniswap founder and CEO Hayden Adams said, “We’re attempting to transfer what we brought to the ERC-20 market to the NFT sector.”

You can buy NFTs—individual blockchain tokens that represent ownership—on a variety of different marketplaces, such as OpenSea, LooksRare, or Coinbase NFT. However, few allow consumers to buy many things at once, and none provide aggregation tools that let traders view listings on competing marketplaces.

According to Uniswap Labs on Twitter, “We see NFTs as another form of value in the burgeoning digital economy, and it’s a no-brainer for us to integrate them.”

The NFT aggregator Gem, which also enables customers to acquire numerous NFTs in a single transaction, was purchased by OpenSea just two months prior to the announcement of its acquisition by Genie. OpenSea intends to incorporate NFT aggregation functions into its primary platform, just like Uniswap.

A new tab dedicated to NFTs will be added to Uniswap’s main website later this year as part of the company’s push into NFTs, according to a statement from the company. Additionally, NFTs will be included in its developers’ APIs and widgets.

Uniswap Labs intends to airdrop an unspecified quantity of the stablecoin USDC to Genie’s early backers as a way to commemorate its acquisition. By April 15th, USDC will be given to everybody who had utilized the platform at least once or owned a Genie Genesis NFT. (The business had earlier tweeted that Genie Gem owners were eligible for the airdrop.)

Uniswap entered the NFT market for the first time in 2019 with Unisocks, an NFT that granted holders access to a real pair of socks.

The largest NFT market, OpenSea, has a floor price for Unisocks of 13 ETH (about $15,300) at the time of writing.

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