: Christies launches Venture Fund #IndiaNEWS #National,IANS Life By IANSlifeNew Delhi, July 24 (IANSlife) Christies announces the establishment of Christies Ventures, a new investment fund that will

Christies launches Venture Fund #IndiaNEWS #National ,IANS Life
By IANSlifeNew Delhi, July 24 (IANSlife) Christies announces the establishment of Christies Ventures, a new investment fund that will provide financial resources as well as expert advice to Emerging Technology and FinTech companies developing solutions with art market relevance.
Christies Ventures will collaborate with these portfolio companies to help them grow while also advancing Christies activities in the presentation, education, and sale of Fine Art and Luxury Goods.
It will begin by investigating three broad categories: Web3. 0 innovation, art-related financial products and solutions, and art-consumption technologies. Their first portfolio company, LayerZero Labs, is a cross-chain interoperability company with a strong vision and business model in a large addressable market. The company makes it easier for clients to move assets between blockchains.
Ben Gore, Christies Chief Operating Officer, described the motivation for starting Christies Ventures: As a global leader in the art market, Christies has both an incentive and a responsibility to further innovation and deepen experiences for our clients. The intersections of technology and financial products are increasingly relevant and prevalent, and we believe strongly in the opportunities ahead. For the companies we select to work with, as well as for our clients, the Christies Ventures value proposition combines the power of our brand and capital together with our network and expertise; it is another example of the formidable Christies Advantage.
Devang Thakkar, the newly appointed Global Head of Christies Ventures, said: We will focus on products and services which can solve real business challenges, improve client experiences, and expand growth opportunities, both across the art market directly and for interactions with it. Our leadership has provided us with an excellent vantage point thus far and the launch of Christies Ventures will allow us to develop further and faster with entrepreneurs who have a strong track record of building great products and companies.
Bryan Pellegrino, LayerZero Co-Founder and CEO, remarked: LayerZero is incredibly thrilled to partner with Christies Ventures. Weve seen firsthand how Christies has been on the forefront of web3 and a pioneer in the space. We look forward to working with their team to find new and innovative ways to create the most accessible, frictionless experience with assets indexed over multiple blockchains.
Christies has a long history of fostering technological innovation, beginning with the introduction of online bidding in 2006 and becoming the first international auction house to hold dedicated online-only auctions in 2011. Christies multi-site auction livestreaming, augmented reality tools, NFT digital art support, and award-winning digital marketing have recently made the business more accessible and resilient.

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