- CryptoPunk #110 and Autoglyph #25 were donated to the museum and will appear at the museum this spring
- The new exhibition will examine the relationship between art and the blockchain
NFT adoption has been slowly spiking in recent days. A French museum is the latest to hop on to the NFT bandwagon. On 10th February, Centre Pompidou—where France’s National Museum of Modern Art is located announced plans for a new exhibition examining the relationship between art and blockchain that will feature NFTs, including renowned Cryptopunks.
As per the announcement, CryptoPunk #110 and Autoglyph #25 were donated to the museum and will appear at the museum this spring, along with 16 other NFT works from renowned global artists. The exhibition also features NFTs from renowned artists such as Rafael Rozendaal, Jonas Lund, and Jill Magid.
Xavier Rey, who holds the post of director of the French National Museum of Modern Art, stated that with this move, the Centre Pompidou is “pursuing its interest in digital art, in connection with the blockchain.”
Dwelling more into his thoughts on Web3, Rey added, “Web3 is an innovative territory that artists have now seized upon to create original and daring work, and this collection reaffirms our support for artists in their conquest of new means of expression, which is the foundation of modern art”.
Commenting on the development, Yuga Labs co-founder Greg Solano said, “Seeing CryptoPunk #110 displayed in the Centre Pompidou, arguably the world’s most prestigious contemporary art museum, is a great moment for the Web3 and NFT ecosystem, and we’re honored to help drive this cultural conversation”.
Yuga Labs stated that partnering with Centre Pompidou “signifies that CryptoPunks are rightfully being recognized as an important art movement by the industry,”. The CryptoPunk #110 donation comes as Yuga Labs’ larger plan to donate CryptoPunks NFTs to modern art museums worldwide.
The plan unveiled in November 2022 started with the donation of Punk to Miami’s Institute of Contemporary Art. The CryptoPunks project was launched in 2017 by the Larva Labs studio.
In March 2022, it was announced that the entire CryptoPunks IP was acquired by Yuga Labs-creators of the Bored Ape Yacht Club(BAYC) project) for an undisclosed sum. CryptoPunks NFTs, which are now becoming increasingly popular once sold for 8,000 ETH in February 2022, creating a record.