Leading art auctioneer Christie’s has algorithm-supported NFT in upcoming sales

Italian contemporary artist Andrea Bonaceto builds interactive NFT artwork on the Algorand blockchain

SINGAPORE, 10 October 2022 /PRNewswire/ — The Algorand Foundation, whose mission is to expand the ecosystem of Algorand, the carbon-negative Layer 1 blockchain invented by the Turing Award winner and MIT professor Silvio Micaliare pleased to share that art auctioneer Christie’s will feature contemporary Italian artist Andrea Bonacetos AB Infinite 1 NFT artwork, built on the Algorand blockchain, in the upcoming auction. Christie’s 20^th / 21^St century evening sale in London will take place during Friseuka on October 13^th.

The work represents an interactive snapshot of Bonaceto’s life in the eternal cycle that goes “ab infinite” (Latin for “from infinity”) to the origin, symbolized by the number “1”. Algorand’s technology makes it possible AB Infinite 1 to be interactive. Members of the public can alter the digital artwork through a specially designed AI mechanism that aggregates viewer interactions through social media channels. Reactions or suggestions are turned into visual responses that appear as part of the piece.

People can see AB Infinite 1 as it transforms over time on the artwork’s website www.abinfinite1. Users can become part of AB Infinite 1 in two steps:

1. Share Twitter / Instagram account in the appropriate section of the website.
2. Hashtag #abinfinite1 on Twitter / Instagram for AI incorporation into the piece.

“Christie’s support for NFTs built on the Algorand blockchain demonstrates accelerating acceptance of digital art,” said Shamir Ozery, head of Web3 at the Algorand Foundation. “Exposing collectors who frequent Christie’s auctions to the Algorand blockchain will set a new standard for NFTs as the industry experiences a digital art renaissance, redefining what art is and what it can do.”

AB Infinite 1 explores the concept of authenticity and freedom of expression. Bonaceto’s portraits reflect this characteristically vibrant style, and his landscapes appear surreal with references to artistic greats such as Kandinsky and Picasso. The most important factor behind Bonaceto’s work is to achieve an honest attempt to express a true feeling.

“I am humbled to see AB Infinite 1 included in Christie’s prestigious evening sale alongside traditional art masterpieces,” said the artist Andrea Bonaceto. “I see NFTs as a tool to express artistically profound concepts, not only as certificates of authenticity, but as a new brush in the hand of artists to create unique concepts. For AB Infinite 1Algorand’s recent ARC-19 standard for NFTs has been the technical brush that made it possible NFT artwork to upgrade on the chain according to people’s interaction on social networks.”

About the Algorand Foundation

The Algorand blockchain — designed by MIT professor and Turing Award-winning cryptographer Silvio Micali — is uniquely capable of delivering on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance, but with instant finality, near zero transaction costs, and on a 24/7 basis. Its carbon-neutral platform and unique pure proof-of-stake consensus mechanism solves the “blockchain trilemma” by achieving both security and scalability on a decentralized protocol, and without a second of downtime since its launch in 2019.

The Algorand Foundation is dedicated to helping fulfill the global promise of the Algorand blockchain by taking responsibility for its healthy financial supply economy, decentralized governance, and healthy and prosperous open source ecosystem. For more information, visit

About Andrea Bonaceto

Andrea Bonaceto is an Italian contemporary artist. He believes visual art, music and poetry can merge into a new art form. Through NFT, AI and programmable art, he tries to bring the public into his abstract works and iconic portraits.

Andrea creates at the intersection between art and technology. He counts artistic collaborations with, among others, Sophia The Robot and Corriere Della Sera. His work has been featured in mainstream media and museum exhibitions worldwide.

Andrea has been involved in the blockchain and NFT place since the first days. He is among the founding partners of Eterna Capital, a leading investment company focused on blockchain technology. In addition, Andrea is co-founder of AoRisT, a next-generation cultural institution that supports a future climate NFT marketplace for artists who create on the edge of art and technology. Andrea is a Fellow of the Royal Society of Arts (FRSA).

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury company. Known and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, across the Americas, Europe, Middle Eastand Asia Pacificwith flagship international sales hubs i New York, London, Hong Kong, Paris and Geneva. It is also the only international auction house authorized to hold sales on the mainland China (Shanghai).

Christie’s auctions span more than 80 art and luxury categories, at price points from $200 to above 100 million dollars. In recent years, Christie’s has achieved the world record price for a work of art at auction (Leonardo da Vinci’s Salvator Mundi2017), for a work of art from the 20th century (Andy Warhol’s Shot Sage Blue Marilyn, 2022) and for a work by a living artist (Jeff Koons Rabbit, 2019). Christie’s is also recognized as a reference for prestigious private collections, having auctioned 8 of the 10 most important collections in history.

Christie’s Private Sales offers a seamless service for buying and selling art, jewelery and watches outside the auction calendar, working exclusively with Christie’s specialists at the client’s individual pace.

Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a piece of digital art ever offered at a major auction house (Beeple’s Everydays, March 2021), with unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the art business, including the use of hologram technology to tour life-size 3D objects around the world, and the creation of viewing and bidding experiences that integrate augmented reality, global live streaming, buy now channels and hybrid sales formats.

Christie’s is dedicated to promoting responsible culture through its operations and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify underrepresented voices and support positive change.

Browse, bid, discover and join us for the best in art and luxury at: www.christies.com or by downloading Christie’s apps. The COVID-related reopening status for our global locations is available here.

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SOURCE Algorand Foundation