CoinVoice has learned that Oak Grove Ventures successfully bid for the first on-chain auction of Claude Monet's Paysage, using 86.0405 ETH to support the development of Memory Coin, a commemorative coin with art as its theme, according to the latest official information.

This auction is jointly organized by Bounce Brand, SeoulAuction Blue, the largest auction house in South Korea, and its Blockchain platform BounceBit, marking an innovative integration of traditional art and Blockchain technology.

Oak Grove Ventures co-founder Shawn Shi said, 'As an early-stage investment firm focused on cutting-edge technology, we have long-term confidence and support for the integration of traditional art and Web3 cultural innovation. This auction opens up a new direction for the combination of traditional art and meme culture, and Oak Grove Ventures will continue to follow this innovative field.' [Link to original article]