LACMA Acquires NFT collection including CryptoPunk, Art Blocks – NFT News Pro

LACMA Acquires NFT collection including CryptoPunk, Art Blocks.

A collection of NFTs that could be worth millions of dollars was given to a famous art museum in Los Angeles.

The Los Angeles County Museum of Art (LACMA) is the latest major art museum to add NFT pieces to its collection. The museum announced today that it has received donations of a number of important and valuable NFT pieces from well-known collectors.

The well-known Crypto Twitter user Cozomo de’ Medici, who goes by the name Cozomo de’ Medici, gave LACMA 22 tokenized pieces of digital art. CryptoPunks NFT #3831 is in the collection. It was last sold in 2021 for $2.1 million worth of ETH.

It also includes NFTs from Art Blocks, a prominent platform showcasing artwork generated by algorithms deployed on a blockchain network. The package contains Art Blocks from Dmitri Cherniak’s “Ringers” and Monica Rizzolli’s “Fragments of an Infinite Field” projects.

1/ Announcing the first donation of on-chain art from a collector to a museum, and the largest digital fine art collection to enter a museum.

22 works from The Cozomo de’ Medici Collection have been added to the permanent collection of the Los Angeles County Museum of Art (LACMA) pic.twitter.com/6ePSznorrM — Cozomo de’ Medici (@CozomoMedici) February 13, 2023.

Other noteworthy creators whose NFT artwork was donated to LACMA in the set include renowned photographer Justin Aversano, World of Women artist and creator Yam Karkai, and Claire Silver and Pindar Van Arman, both of whom are known for employing AI to generate NFT artwork.

LACMA described the donation from de’ Medici — a collector crypto wallet may make money who has been linked to Snoop Dogg and is also a significant player in the Web3 world — as the largest collection of blockchain-based artwork obtained by an American art museum to date.

LACMA is the most recent big art museum to add non-traditional works to its collection. On Friday, the Centre Pompidou in Paris said that Yuga Labs and Larva Labs had given them a CryptoPunk and an Autoglyphs NFT, respectively. Yuga gave a CryptoPunk to the Institute of Contemporary Art in Miami in November of last year.

LACMA also has a number of other donated NFTs, including a Chromie Squiggle from artist Erick “Snowfro” Calderon, who started Art Blocks, and an NFT from Tom Sachs’ Rocket Factory. Calderon told ArtNews that the 10,000-piece collection’s last Chromie Squiggle will be the NFT he gave away.

Cover Image Source: finance.yahoo.com.

Tina concentrates on all matters related to NFT and crypto wallet may make money Web3. Tina uses social media to spot NFT trends and report unique news.

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