For the first time in history, a CryptoPunk has made its way into a major art museum collection. In a generous gesture, Eduardo Burillo has gifted CryptoPunk 5293 to The Institute of Contemporary Art in Miami (ICA Miami). Burillo is a trustee of ICA Miami.
“The CryptoPunks represent innovation in art, identity, and cultural archive,” Burillo said in a press release. “I am so pleased to support experimentation in ICA Miami’s collection by contributing an important work that captures contemporary discourse and the evolution of artistic practice.”
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CryptoPunk 5293 represents a female Punk with “purple lipstick,” a “mole,” and “frumpy hair”. It is one among the 3,840 female punks ever created. The Punk will be on display at the museum in Miami, Florida, this summer.
According to ICA Miami Artistic Director Alex Gartenfeld, the Punk “will have historic significance for generations to come”. The museum is a huge supporter of artists across the world. Furthermore, it helps give a platform to “local, emerging, and under-recognized artists.”
Currently, there are 10,000 Punks in supply in the NFT world. Inspired by British punk rock culture, Larva Labs first created Punks in 2017. These 24-by-24-pixel icons represent “misfits and non-conformists.”
Recently, auction house Sotheby’s had auctioned Punk 7523 aka “Covid Alien” for a record $11.75 million. Meanwhile, the auction house is currently auctioning five rare Punk print NFTs.
Now, ICA Miami’s acquisition of a Punk comes as a significant boost to NFTs and digital art as a whole. Akin to how major auction houses have embraced cryptoart, we can expect more museums to hop on the NFT bandwagon. This will further help cryptoart to become part of the mainstream art scene.
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