Kresus, a prominent crypto wallet platform, has recently collaborated with Christie’s. According to Kresus, the partnership aims to revolutionize how collectors manage and prove ownership of their art collections. The platform will distribute blockchain-based ownership certificates for 130 auction lots included in the Christie’s sale.
Kresus’s New Collaboration with Christie’s Offers Immutable and Secure Ownership Record
The auction “An Eye Towards the Real: Photographs from the Collection of Ambassador Trevor Traina” will occur on October 2nd. Kresus noted that the venue of the auction will be the Rockefeller Center of Christie’s. In a landmark partnership, Kresus aims at minting digital certifications for nearly 132 lots with a 1:1 ratio. This will offer an immutable and secure ownership record on the blockchain Base that operates under Coinbase.
The respective integration will let collectors matchlessly access digital ownership certificates via the Kresus wallet. It offers a modern method to manage and validate physical art. Kresus’ founder Trevor Traina also commented on this initiative. As per him, this collaboration highlights the potential of the technology for collectors. He added that this endeavor’s launch will set an exclusive standard concerning art provenance within the digital epoch.
The Partnership Focuses on improving the Collector Experience with the Provision of Ownership Certificates by Kresus
In addition to this, Digital Art Sale’s VP Director Nicole Sales Giles stated that Christie’s has always been pursuing innovative means to back and enhance the collector experience. The partnership reportedly offers the above-mentioned certificates as a regular evolution of the firm’s commitment to transparency and authenticity in the world of art. The official added that this pilot project works as a thrilling move forward for the technology and art’s integration. This project additionally plays a crucial role in expanding blockchain technology’s worldwide adoption.
The auction reportedly takes into account contrary and post-war works by famous artists like Diane Arbus, Cindy Sherman, Robert Frank, and William Eggleston. The collection of Ambassador Traina signifies key mid-century themes such as the female photographers’ prominence and the evolution in color photography. Back in May this year, Christie’s witnessed a record in the case of the “Identical Twins, (Cathleen and Colleen), Roselle, New Jersey, 1966.”