LACMA Art Museum Acquires NFT Collection With CryptoPunk, Art Blocks

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The Los Angeles County Museum of Art (LACMA) is the latest major art museum to add NFT artwork to its collection, announcing today that it has acquired a series of notable and valuable NFT pieces through donations from notable collectors.

LACMA accepted a donation of 22 tokenized digital artwork pieces from the pseudonymous Cozomo de’ Medici, a well-known Crypto Twitter personality. The collection includes CryptoPunks NFT #3831, which was last sold for $2.1 million worth of ETH in 2021.

It also features NFTs from Art Blocks, a popular platform that features artwork generated by algorithms deployed on a blockchain network. Art Blocks works from Dmitri Cherniak’s “Ringers” and Monica Rizzolli’s “Fragments of an Infinite Field” projects are included in the set.

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