NFTs are coming to the center of the Paris art world.
On Friday, the Center Pompidou—France’s national museum of modern art—announced plans for a new exhibition examining the relationship between art and blockchain, featuring NFTs from the Valuable Cryptopunks and Autoglyphs projects, among works from 12 other digital artists. is characteristic of. Will be included.
CryptoPunk #110 and Autoglyph #25 were both donated to the Center Pompidou and will be on display at the museum this spring, as will 16 other NFT works from the artist’s global assortment.
The exhibition will mark the first time that the Center Pompidou has accepted NFTs into its collection, which houses masterpieces from groundbreaking artists such as Wassily Kandinsky, Marc Chagall, Henri Matisse and Frida Kahlo. The Center Pompidou is the largest modern art museum in Europe.
Le Center Pompidou fait l’acquisition d’an Ensemble d’oeuvres featuring the relationship between blockchain and building artistry, premiered by NFT Do!
There are 13 artists from France and 18 projects in the InternationaleNox collection.
plus d info 👉 pic.twitter.com/sNI7EYtK5E
— Center Pompidou (@CentrePompidou) February 10, 2023
“Seeing Cryptopunk #110 on display 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 look forward to driving this cultural conversation,” said Greg Solano, co-founder of Yuga Labs. Honored to help in. said in a statement.
Yug, the owner of the Cryptopunks IP, donated the NFTs to the museum through his Punks Legacy project. The initiative, which seeks to place cryptopunk in major museums around the world, was launched in November with the donation of Cryptopunk #305 to the Institute of Contemporary Art of Miami.
Cryptopunks, minted on the Ethereum blockchain, is one of crypto’s most prominent and enduringly popular Profile Picture (PFP) NFT collectibles. According to CoinGecko, there are 10,000 cryptocurrencies in circulation, the cheapest of which can be bought for 63 ETH, or roughly $95,000. The cryptocurrency has regularly sold for millions of dollars, even during the current bear market.
Meanwhile, autoglyphs are very rare. The Ethereum-based generative art project from Larva Labs, the original creator of Cryptopunks, has a total of 512 NFTs. The current lowest price (or cheapest listed NFT price) for that project is 249 ETH, or just over $377,000. Larva Labs donated the piece to the Center Pompidou.
Despite the large amount of capital that continues to be raised by such “blue chip” NFT projects, the medium has been derided by some in the art community as lacking artistic legitimacy.
Perhaps for that reason, Era Labs—which also created the impressive Bored Ape Yacht Club NFT collection—took Friday’s announcement as an opportunity to emphasize the artistic merits of such projects.
“The partnership with the Center Pompidou, one of the world’s most prestigious contemporary art museums, shows that cryptopunk is being recognized by the industry as an important art movement,” Epoch said in a statement.
But it’s unclear what, exactly, Cryptopunk #110 will do at the Pompidou’s Exposition.
“With this new acquisition, it is less a question of interest in the pop cultural phenomenon of ‘collectibles’ (collections of images sold as NFTs, such as Bored Apps or Cryptopunks),” said the announcement of the focused exhibition.
The exhibition’s curators elaborate that despite asserting itself with “homogeneous” and “highly publicized” projects such as Cryptopunks and Bored Apps, the NFT space soon gives way to more complex experiments, which appear to be the focus of the exhibition. . it happens. The exhibition also includes NFTs from artists such as Jonas Lund, Raphael Rosendahl and Jill Magid.
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