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
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

Disclosure

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

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about