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Christie’s winds down digital art department as its NFT marketplace faces doubt

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Credit : cryptonews.net

Necessary assortment eating places

  • Christie has closed its digital artwork division and moved the sale to wider classes.
  • The closure marks an essential strategic change for the function of Christie within the NFT market.

Christie’s has closed his digital artwork division and broke the employees, together with VP Nicole Gross sales Giles on the finish of August, in line with a report from now Media. The public sale home confirmed the transfer and mentioned that digital works will now be offered within the twentieth and twenty first -century artwork class.

The adjustments observe to the appointment of the brand new CEO Bonnie Brennan in February and coincides with a recession out there for digital artwork.

Christie’s, who helped the NFT tree sparked with Preeple’s sale of $ 69 million in 2021, later launched his Onchain platform Christie’s 3.0, now confronted with an unsure future.

READ  NFT sales plunge 4.7% to $95.9m, CryptoPunks sales fall 80%

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