Yuga Labs donates CryptoPunk #110 NFT to Center Pompidou’s permanent collection
Yuga Labs continues its first-of-its-kind Punk’s Legacy Project as CryptoPunk #110 joins the internationally renowned museum of contemporary art, the Center Pompidou
MIAMI, 10 February 2023 /PRNewswire/ — Yuga Labsweb3 leader and home of the Bored Ape Yacht Club (BAYC), CryptoPunks and Meebits, today announced the next installment of Punk’s Legacy Project. CryptoPunk #110 will join the permanent collection of Paris’s leading museum of contemporary art, the Center Pompidou.
Yuga Labs’ Punks Legacy Project aims to raise awareness of the origins and cultural relevance of CryptoPunks, one of the first NFT projects, by donating punks to leading art institutions around the world and ensuring that punks hang on the walls among other exemplary examples of modern and contemporary. Art. Yuga Labs is dedicated to helping institutions through this new space, and the project offers resources to these institutions regarding web3 education, crypto art history and best practices for NFT security.
CryptoPunk #110 is the second Punks Legacy Project donation from Yuga Labs. CryptoPunk #305 was donated to the Institute of Contemporary Art, Miami at Art Basel 2022. Collaboration with the Center Pompidou, one of the most iconic contemporary art museums in the world, means CryptoPunks is rightly recognized as an important art movement by the industry.
10,000 CryptoPunks were created as individual pieces of generative art inspired by London punk scene. CryptoPunks remains one of the most popular NFT collections to date due to its historic nature as one of the earliest examples of NFTs back in 2017 – well before the explosion of popularity of NFTs in 2021. CryptoPunks continues to be the leading example of NFTs as modern. art – known as the intellectual and philosophical icons of the web3.
“With the entry of CryptoPunk #110, from one of the most popular NFT series of its kind, into the collection of the National Museum of Modern Art, the Center Pompidou pursues its interest in digital art, in connection with the blockchain,” said Xavier Rey, director of the National Museum of Modern Art. “Web3 is an innovative territory that artists have now seized to create original and daring work, and this collection confirms our support for artists in their conquest of new modes of expression, which are the basis of modern art.”
“Designed to be a cultural bridge between the traditional art world and the web3 industry, The Punks Legacy Project paves the way for a collective understanding of how digital art can be accepted and valued for its impact and contemporary relevance. This next installment is further evidence that CryptoPunks belong on the walls of global art institutions,” said Greg Solano, co-founder of Yuga Labs. “Seeing CryptoPunk #110 shown at the Center Pompidou, arguably the world’s most prestigious contemporary art museum, is a great moment for web3 and the NFT ecosystem, and we’re honored to help drive this cultural conversation.”
Punk #110 will be unveiled and installed at the Center Pompidou this spring as part of an exhibition dedicated to celebrating digital art. Over the next year, Yuga Labs will continue to donate CryptoPunks to museums around the world. Read more on our website at http://news.yuga.com/punks-legacy-project.
About Yuga Labs
Yuga Labs is a web3 company shaping the future through storytelling, experiences and community and guided by the belief that the potential of web3 can be realized when we start with imagination, not limitations. Yuga’s initiative aims to push the space forward as a whole. Since they were launched in April 2021 with the flagship collection Bored Ape Yacht Club, they have made headlines as one of the first companies to issue IP licenses to their NFT holders, acquired and released rights to other top collections (CryptoPunks and Meebits), and made web3 history with record synchronized player participation in their latest initiative, Otherside. Built with the community, Otherside is one of the most ambitious interactive metaverse projects to date, rebelling against traditional walled gardens of gaming spaces. IN March 2022Yuga Labs raised one 450 million dollars seed round on one 4 billion dollars valuation.
For more information about Yuga Labs visit www.yuga.com.
SOURCE Yuga Labs
