Yuga Labs, the company in charge of Web3 and the home of Bored Ape Yacht Club (BAYC), CryptoPunks, and Meebits, announced today that the next part of the Punks Legacy Project will be coming out soon. The Centre Pompidou in Paris, which is the best museum for modern art, will add CryptoPunk #110 to its permanent collection.
The goal of Yuga Labs’s Punks Legacy Project is to bring attention to the history and cultural importance of CryptoPunks, one of the first NFT projects. They plan to do this by giving Punks to leading art institutions around the world and making sure they hang on the walls next to other great examples of modern and contemporary art. Yuga Labs wants to help institutions find their way through this new space. The project gives these institutions resources about web3 education, crypto art history, and best practices for NFT security.
Yuga Labs has given CryptoPunk #110 to the Punks Legacy Project for the second time. At Art Basel 2022, CryptoPunk #305 was given to the Institute of Contemporary Art, Miami. Partnering with Centre Pompidou, one of the world’s most famous modern art museums, shows that CryptoPunks are being taken seriously as an important art movement.
10,000 unique pieces of generative art named CryptoPunks were made based on the London punk scene. CryptoPunks is still one of the most popular NFT collections because it was one of the first NFTs ever made in 2017. This was a long time before NFTs became very popular in 2021. CryptoPunks are still the best example of NFTs as modern art. They are well-known as the intellectual and philosophical icons of 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 Centre Pompidou is pursuing 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 upon to create original and daring work, and this collection reaffirms our support for artists in their conquest of new means of expression, which is the foundation of modern art.”
“The Punks Legacy Project is designed to be a cultural bridge between the traditional art world and web3 industry, paving the way for a collective understanding of how digital art can be accepted and appreciated for its impact and modern relevance. This next installment is further proof that CryptoPunks belong on the walls of global art institutions,” said Greg Solano, Co-Founder of Yuga Labs. “Seeing CryptoPunk #110 displayed in the Centre Pompidou, arguably the world’s most prestigious contemporary art museum, is a great moment for the web3 and NFT ecosystem, and we’re honored to help drive this cultural conversation.”
Content Source: nesw.yuga.com