MIAMI–(BUSINESS WIRE)–Yuga Labs, web3 leader and home of Bored Ape Yacht Club (BAYC), CryptoPunks and Meebits, today announced the Punks Legacy Project. The program’s first donation is CryptoPunk #305—reflecting Miami’s iconic area code—to Miami’s leading contemporary art museum, the Institute of Contemporary Art, Miami (ICA Miami).
As the first project of its kind, the Punks Legacy Project will oversee the donation and installation of several CryptoPunks to leading contemporary art museums around the world, and will collaborate with these museums on the installation of the art by providing resources regarding Web3 education, crypto art history, crypto security and NFT best practices. CryptoPunks are known as the intellectual and philosophical icons of web3 – as well as one of the first ever NFT collections. The 10,000 CryptoPunks were created as individual pieces of generative art inspired by London’s punk scene.
“Just like how Jeff Koons and Andy Warhol fueled a contemporary art renaissance, I hope CryptoPunks can lead that charge for NFTs,” said Noah Davis, CryptoPunk Brand Lead. “We believe NFTs belong in museums, and I’m thrilled to launch the Punks Legacy Project with ICA Miami and CryptoPunk #305.”
Celebrating the company’s deep Miami roots, Yuga Labs kicks off the project by gifting Punk #305 to ICA Miami, whose collection reflects the most pressing art and ideas influencing contemporary art. The acquisition of a CryptoPunk by a major art museum confirms the collection’s pioneering role in the rise of NFT art and its influence on today’s cultural production. This CryptoPunk donation to ICA Miami comes after Yuga Labs announced its $1 million commitment to support arts and education initiatives in Miami.
“ICA Miami’s collection reflects the art and ideas that define our current moment and drive cultural conversations,” said Alex Gartenfeld, ICA Miami Artistic Director. “As one of the first NFT collections on the Ethereum blockchain, CryptoPunks has become a symbol of the rise of cryptoart and the ways artists are using new technologies. We are grateful to Yuga Labs for its generous support, which includes ongoing dialogue and collaboration to bring web3 best practice to the museum field.”
“We’re excited to see CryptoPunk #305 become a Web3 icon for Miami,” said Greg Solano, co-founder of Yuga Labs. “Co-founder of Yuga Labs Wylie Aronow and I was both born and raised in Miami, and a goal for us is to invest in the city in general. We’re thrilled to start the Punks Legacy Project in our hometown with ICA Miami and a punk that reflects our community, and even our area code.”
Punk #305 will be unveiled and installed at ICA Miami on December 3rd and will remain on view throughout the year. Over the next year, Yuga Labs will continue to donate CryptoPunks to museums around the world. Read more on our website at
About Yuga Labs
Yuga Labs is a web3 company that shapes the future through storytelling, experiences and community. Guided by the belief that the potential of web3 can be realized when we start with imagination, not limitations, Yuga’s initiatives aim to reinvent what real tools for NFTs look like and push the space forward as a whole. Since launching 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, bought and released rights to other top collections (CryptoPunks and Meebits), and created web3 history of 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 2022, Yuga Labs raised a $450 million seed round at a $4B valuation.
For more information about Yuga Labs visit www.yuga.com or email [email protected].
About ICA Miami
The Institute of Contemporary Art, Miami (ICA Miami) is dedicated to fostering ongoing experimentation in contemporary art, fostering new scholarship, and fostering the exchange of art and ideas throughout the Miami region and internationally. Through an energetic calendar of exhibitions and programs, and its collection, ICA Miami provides an important international platform for the work of local, emerging and under-recognized artists, promoting public understanding and appreciation of the most innovative art of our time.
Launched in 2014, ICA Miami opened its new permanent home in Miami’s Design District on December 1, 2017. The museum’s central location positions it as a cultural anchor in the community and reinforces its role in developing cultural literacy throughout the Miami region. The museum offers free admission, giving the public open, public access to artistic excellence year-round.
The Institute of Contemporary Art, Miami is located at 61 NE 41st Street, Miami, Florida 33137. For more information, visit www.icamiami.org or follow the museum on Instagram, Twitterand Facebook and explore the ICA channel for insights into ICA Miami exhibitions and the practices of the most exciting artists working today.
