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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.

Jul 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.

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