France’s national museum in Centre Pompidou for Modern Art in Paris announced plans to organize an exhibition on February 10 to present the relationship between art and blockchain that will promote the NFTs at the center of the Parisian art scene.
CryptoPunks and Autoglyphs are NFT collections that will be featured in the exhibition with 12 other digital artists. CryptoPunks owner decides to donate CryptoPunk #110 for display at the exhibition.
“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,” said Greg Solano, co-founder of Yuga Labs, in a statement.
About CryptoPunks & Autoglyphs
Cryptopunks are the Ethereum blockchain-based non-fungible token (NFT) collections. The project was inspired by London Punks, electronic music daft Punk and Cyber Punk movement. These are 8-bit style unique avatars consisting of 24×24 pixel size. The punks feature male and female characters made in the form of zombies, apes and aliens.
It was made in June 2017 by two developers of Larva Labs, a New York-based mobile software company that used to build IOS and Android applications. According to the local news, CryptoPunks was acquired by Bored Ape Yacht Club owner and Web3 developer Yuga Labs in March 2022.
The CryptoPunks NFT collections are available in 5 types. According to the data available on OpenSea, a total of 10,000 NFTs were listed in the marketplace. Currently, at the time of writing, around 9,998 digital characters are available on the marketplace. Interested candidates can purchase this NFT at the cheapest price of 60 ETH at the time of writing.
According to the local news report, Deepak Thapliyal Chain’s CEO purchased CryptoPunk 5822 in February 2022 for 8,000 ETH worth $23.7 million. It is the highest-selling CryptoPunk NFT of all time until now.
Autoglyph was the second project of Larva Labs after Crypto Chunks. John Watkinson and Matt Hall, the developers and founders of Larva Labs, built the NFT in 2019. There are 512 NFTs available, and we cannot create more than that because the generator has shut down. Around 152 collectors own these NFTs.
Autoglyphs #380 is the fourth most valuable NFT sold for $1.48 million. Initially, it can be made by anybody after paying the creation cost of 0.2 ETH (approximately $35 at the time) on the Ethereum blockchain.
However, the exhibition objective is to represent CryptoPunks and Autoglyph and show the NFT experiments. Jonas Lund, Rafael Rozendaal, and Jill Magid will also present their art in the exhibition.
The museum stated, “With this new acquisition, it is less a question of taking an interest in the pop cultural phenomenon of ‘collectibles’ (these collections of images sold as NFTs, such as the Bored Apes or the CryptoPunks), than of exploring the boldest uses of this technology.”