Christie’s runs down the digital art division as the NFT Marketplace faces doubts

Christie’s closed its digital artwork division and reduce employees on the finish of August, together with VP Nicole Gross sales Giles, in accordance with present media experiences. The public sale home confirmed the transfer, saying that Digital Works might be out there on the market inside the artwork classes of the twentieth and twenty first century.

The change coincides with the recession within the digital artwork market following the appointment of recent CEO Bonnie Brennan in February.

Christie’s, who helped encourage NFT Increase with Beeple’s $69 million sale in 2021, later launched Christie’s 3.0 for Onchain Platform, faces an unsure future.