- Millions of dollars worth of NFT presents have been given to LACMA by various investors in digital collectibles.
- CryptoPunks #3831, which was most recently sold in 2021 for 2.1 million ETH, is part of the collection.
- Art Blocks features pieces from well-known digital artists Monica Rizzolli and Dmitri Cherniak.
The Los Angeles Art Museum said on February 13 that it has received donations of tangible artwork and a collection of non-fungible tokens that might be worth millions of dollars.
The anonymous Cozomo de’ Medici, a well-known Crypto Twitter figure and NFT investor, donated 22 tokenized digital works of art to the art museum. The collection includes CryptoPunks #3831, which was most recently sold in 2021 for 2.1 million ETH.
More digital artifacts from Art Block, a well-known website that showcases artwork produced by software running on a blockchain network, have also been delivered to LACMA. Known digital artists Monica Rizzolli and Dmitri Cherniak have works included in Art Blocks.
Additionally, significant collectors including renowned photographer Justin Aversano and digital artists Yam Karkai, Claire Silver, and Pindar Van Arman have given LACMA additional NFT collections.
The Los Angeles Art Museum has started to display non-fungible tokens in its art gallery, joining a growing number of other contemporary art museums that have done so. The Centre Pompidou also acknowledged receiving some NFT donations on Friday.
The largest collection of blockchain art to date has been bought by an American art institution, according to LACMA, which received the contribution from de’ Medici, a collector who has been connected to rapper Snoop Dogg, another significant figure in the Web3 world.
The most recent significant art museum to add NFTs to its collection is LACMA. In Paris, the Centre Pompidou announced on Friday that Yuga Labs and Larva Labs had donated a CryptoPunk and an Autoglyphs NFT, respectively. Additionally, in November, Yuga gave a CryptoPunk to the Institute of Contemporary Art in Miami.
A Chromie Squiggle from the creator of Art Blocks, artist Erick “Snowfro” Calderon, as well as an NFT from Tom Sachs’ Rocket Factory, are among the extra donated NFTs that LACMA has received in addition to the aforementioned collection. The Chromie Squiggle that Calderon gave will be the last one made for the 10,000-piece collection, he said.