Yuga Labs is showcasing NFTs in leading museums worldwide, with CryptoPunk #305 now part of the collection at ICA Miami
In Brief
In a bold move, Yuga Labs plans to exhibit Ethereum-based profile pictures, specifically CryptoPunks, in top contemporary art venues across the globe.
As part of the Punks Legacy Project initiative, Yuga Labs is donating CryptoPunk #305 to the ICA based in Miami.
Yuga Labs, the company behind the NFT sensation Bored Ape Yacht Club, is taking a significant step forward with this initiative. introduces the new initiative The firm is engaging in the Punks Legacy Project by donating a prized CryptoPunk #305 to the renowned Institute of Contemporary Art in Miami.
"Much like how icons like Jeff Koons and Andy Warhol sparked a renaissance in contemporary art, I aspire for CryptoPunks to do the same for the realm of NFTs. We genuinely believe that NFTs deserve a spot in art museums, and I am thrilled to launch the Punks Legacy Project in partnership with ICA Miami, featuring CryptoPunk #305,\" stated Noah Davis, the brand lead for CryptoPunks.
The Punks Legacy Project aims to donate and establish multiple CryptoPunks in leading contemporary art museums, along with providing educational resources relating to Web3, covering topics such as the history of crypto art, security in cryptocurrency, and best practices for NFTs.
CryptoPunks hold a prestigious position as one of the earliest NFT collections and have made a lasting impact as one of the most sought-after ones. These 10,000 unique digital characters, influenced by London’s punk culture, were initially created by Larva Labs back in 2017 and later acquired by Yuga. A remarkable nine CryptoPunks made headlines during the iconic auction at Christie’s in 2021, fetching an astounding $17 million — a historic moment for crypto art.
On December 2, the ICA Miami will officially showcase CryptoPunk #305 as part of its permanent exhibition. generative art \"Observing a Punk displayed alongside renowned artists solidifies the sentiment I felt when Beeple’s artwork made headlines – the realm of NFTs is undeniably reshaping contemporary art,\" expressed a contributor who is set to allocate $1 million to enhance art and educational programs in Miami. The CryptoPunks collection has seen an impressive over $2.4 billion in secondary market trading since it was launched. The priciest CryptoPunk was auctioned for an eye-popping 8,000 ETH, equating to about $23.7 million at the time of sale in February. Currently, the floor price for a CryptoPunk stands at 66.5 ETH, roughly $80,257. Yuga Labs is deepening its ties to the art community. Recently, the ambitious Web3 enterprise acquired WENEW Labs, a creative NFT studio established by the renowned digital artist Beeple.
Hivemind and Algorand have made headlines with their acquisition of Napster, although the sale price remains undisclosed.
The city of Miami is launching an innovative NFT project in collaboration with Mastercard and TIME Magazine.
Davis wrote.
Last month, Yuga Labs pledged DressX is stepping up to assist Ukraine and its designers during the Metaverse Fashion Week.
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Agne is a dedicated journalist reporting on the latest movements and advancements within the metaverse, AI, and Web3 sectors for the Metaverse Post. Her enthusiasm for storytelling has driven her to conduct numerous interviews with sector experts, always on the lookout for compelling narratives. Agne holds a Bachelor’s degree in literature and boasts extensive writing experience across various topics, such as travel, culture, and art. She has also volunteered as an editor for an animal rights organization, where she contributed to raising awareness about welfare issues. Feel free to reach out to her at Blum commemorates its first anniversary by receiving accolades for ‘Best GameFi App’ and ‘Best Trading App’ at the Blockchain Forum 2025. Addressing DeFi fragmentation: Here’s how Omniston is enhancing liquidity on the TON network.
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