Miami's Institute of Contemporary Art Gifted CryptoPunk NFT

As one of the earliest series of NFTs offered on the Ethereum blockchain, offers have ranged from $34,000 to $123,000.

AccessTimeIconJul 9, 2021 at 2:44 a.m. UTC
Updated Sep 14, 2021 at 1:23 p.m. UTC

Miami's Institute of Contemporary Art (ICAM) has got its hands on a CryptoPunk non-fungible token (NFT) thanks to a generous donor.

According to a press release, the institute has scooped up CryptoPunk #5293, one of 10,000 unique 24-by-24-pixel icons created in 2017 by Larva Labs.

The donation came by the way of ICAM Trustee Eduardo Burillo. ICAM 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."

As 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, according to its price history.

Launched in 2014, ICAM opened its permanent home in Miami’s Design District on Dec. 1, 2017, right around the time when the first CryptoPunks were being crafted.


Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Opaque Platforms and Intertwined Protocols Pose Big Risk to Crypto

Second article in a series about risks we’re thinking about during these crypto down days.

CoinDesk - Unknown
2
CoinDesk - Unknown
Putin Weaponizes Inflation

Examining a recent propaganda speech from the Russian leader.

CoinDesk - Unknown
3
CoinDesk - Unknown
Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows

FTX’s $250 million credit facility offer – if inked as initially proposed – stood to effectively wipe out all BlockFi shareholders, including Morgan Creek Digital, the firm told its investors.

CoinDesk - Unknown