Kresus teams up with Christie's for blockchain art authentication
Kresus, a crypto wallet provider, has teamed up with Christie’s to offer blockchain-based certificates of ownership for a photography auction.
This collaboration aims to modernise art authentication by providing secure digital records instead of traditional paper documents.
The partnership will see Kresus issue 1-of-1 digital certificates for 132 lots in Christie’s photography sale on October 2 at Rockefeller Center.
These certificates, built on the Base blockchain by Coinbase, will ensure buyers have an immutable record of ownership.
Trevor Traina, Kresus’ founder, highlighted the benefits of using blockchain technology, saying it simplifies the management of provenance and documentation that is typically maintained in paper form.
Christie’s representative, Nicole Sales Giles, expressed that this initiative enhances transparency and authenticity in the art world through technology.
She described the program as a "natural evolution" for the auction house in its efforts to improve the way ownership records are verified and maintained.
The auction includes works by artists such as Diane Arbus and Cindy Sherman.
While the primary focus remains on the artwork, the blockchain certificates represent a forward-thinking solution to long-standing issues in art ownership verification.
Kresus is a crypto wallet service offering an accessible way to engage with digital assets on the Base blockchain.
It caters to both beginners and experienced users, integrating exchange functions with noncustodial management and advanced security features like insurance and biometrics for enhanced protection.
Christie's, a historic British auction house established in 1766 by James Christie, is known for its global presence with locations in cities such as London, New York, Paris, and Hong Kong.
Owned by Groupe Artémis, Christie's conducts sales in various categories, including fine art and luxury items, across its international salerooms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Will XRP Price Rebound? Analytics Company Shares Most Important Resistance and Support Levels
Will the XRP price, which has been on the agenda with its recent attacks, gain momentum again? What are the important levels?
JUST IN: Ethereum Development Announced by Vitalik Buterin Arrives – Here Are The Details
Following concerns about the Ethereum Foundation, the first concrete step was taken regarding the issue, as observed in onchain data.
B3.fun: The airdrop qualification query website is now online, and airdrops can be claimed next week
Bitcoin hashrate hits new high, breaking through 810 EH/s
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)