Art Investing

Cryptocurrencies in online auction may change art investing

Online auctioneer Paddle8 is trying a new tack: merging with The Native, a Swiss technology and e-commerce company, and adopting the use of blockchain, the technology that underpins virtual currencies like Bitcoin, reports the New York Times.

Paddle8 announced on Tuesday that it had taken an investment from The Native, creating what the two say is a partnership meant to adapt online art sales – and potentially more – to an age of wealthy millennials well versed in virtual currencies.

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