Miami’s Institute of Contemporary Art received CryptoPunk NFT as gift donation
Miami’s Institute of Contemporary Art (ICAM) has got a CryptoPunk non-fungible token (NFT) via donation.
According to the release, the institute has scooped up CryptoPunk #5293, one of 10,000 unique 24x24 pixel icons created in 2017 by Larva Labs.
The donation came in the way of ICAM Trustee Eduardo Burillo. The institution says the digital collectible is the first NFT to enter a major art museum collection.
“CryptoPunk 5293 joins the ICA Miami collection as a work that is truly representative of the cultural zeitgeist and will have historic significance for generations to come,” reads the release.
The Institute of Contemporary Art Miami is dedicated to promoting continuous experimentation in contemporary art, advancing new scholarship, and fostering the exchange of art and ideas in Miami and internationally.
Through an energetic calendar of exhibitions and programs along with its collection, ICA Miami provides an important international platform for the work of local, emerging, and under-recognized artists, and advances the public appreciation and understanding of the most innovative art of our time.
Being one of the earlier creations in the series of NFTs minted on the Ethereum blockchain by Larva Labs, offers have ranged from $34,000 to $123,000.