Christie’s Exec’s NFT Platform TR Lab Plans Artwork Drop by Cai Guo-Qiang
8 min ago•1 min read•NFT
TR Lab, the non fungible token (NFT) platform from Christie’s Deputy Chairwoman Xin Li-Cohen, will host its second sale of NFTs in September.
The sale, or drop, will feature “Exploding the Self” by Cai Guo-Qiang and starts Sept. 3 at 9 a.m. ET (13:00 UTC). Li-Cohen, a former model turned art specialist, co-founded the Hong Kong-based platform for discovering and collecting fine art in April. The NFT will be available to 99 buyers on a first-come, first-served basis. Collectors will have to register with TR Lab and payments will be made in U.S. dollar-pegged stablecoin USDC through cryptocurrency wallet MetaMask. In July, Guo-Qiang’s “Transient Eternity” NFT sold for $2.5 million through the TR Lab platform. NFTs are blockchain-based tokens incorporating various attributes representing artwork or assets in the digital domain and can be used to verify proof of ownership.