Share this article

Miami's Institute of Contemporary Art Gifted CryptoPunk NFT

As one of the earliest series of NFTs offered on the Ethereum blockchain, offers have ranged from $34,000 to $123,000.

Updated Sep 14, 2021, 1:23 p.m. Published Jul 9, 2021, 2:44 a.m.

Miami's Institute of Contemporary Art (ICAM) has got its hands on a CryptoPunk non-fungible token (NFT) thanks to a generous donor.

STORY CONTINUES BELOW

Don't miss another story.Subscribe to the Crypto Long & Short Newsletter today. See all newsletters

By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

According to a press release, the institute has scooped up CryptoPunk #5293, one of 10,000 unique 24-by-24-pixel icons created in 2017 by Larva Labs.

The donation came by the way of ICAM Trustee Eduardo Burillo. ICAM says the digital collectible is the first NFT to enter a major art museum collection.

"CryptoPunk 5293 joins the ICA Miami collection as a work that is truly representative of the cultural zeitgeist and will have historic significance for generations to come."

As one of the earlier creations in the series of NFTs minted on the Ethereum blockchain by Larva Labs, offers have ranged from $34,000 to $123,000, according to its price history.

Sebastian Sinclair

Sebastian Sinclair is the market and news reporter for CoinDesk operating in the South East Asia timezone. He has experience trading in the cryptocurrency markets, providing technical analysis and covering news developments affecting the movements on bitcoin and the industry as a whole. He currently holds no cryptocurrencies.