The Lacma Museum receives a donation of 22 first-class NFTs, including cryptopunks and art blocks

The Lacma Museum receives a donation of 22 first-class NFTs, including cryptopunks and art blocks

On February 14, 2023, the Los Angeles County Museum of Art (Lacma) announced that it received the first and greatest donation from NFT art ever sent to an American museum.

The gift of 22 digital works of art was made by the Lacma by the collector Cozomo de 'Medici. The collection includes works by international artists from Brazil, Canada, China, England, Germany, Portugal and the United States.

Some of the NFTS donated to Lacma. Image: Lacma

Although the donor's true identity is unknown, it is assumed that it could be the artist and enthusiast of cryptocurrency Snoop Dogg of the NFTS, such as the Bored Apes Yacht Club on Twitter, indicated the face behind the pseudonym Cozomo de’Medici .

The Lacma Museum wants to tell the history of NFT art

lacma said his goal was to "put together works that tell a representative history of the crypto art movement", which is sufficient of generative art, photography, videos and AI generated portraits.

The work received comes from 2017 to 2022 and reflect "a boom of artistic experiments with web3 technologies such as Blockchain, which has been coming up since the 2010s".

According to Lacma, the museum, digital works by artists John Gerrard, TGA, "Comjoo/er Toy", Erick Calderon, Jessica Wembley and Peter Wu awaits. In addition, the museum received a gift from Tom Sachs from his Rockel Factory and Lee Mullicans Almtebb.

CEO from Lacma praised the work of Cozomo de 'Medici

Michael Govan, CEO of Lacma and Director of Wallis Annenberg, said that artists have been integrating technology into their works for decades, which has been "of central importance for the programming of Lacma since the 1960s.

he added that the Lacma was one of the first art museums that supported the artist who experimented with blockchain technology in creating their works.

Govan thanked Cozomo de 'Medici for the donation and explained that they hope to expand the diversity of their current collection in the future to preserve new works created on the blockchain.

Cozomo de 'Medici said on Twitter that he hopes that this donation will lay the foundation that digital works will be exhibited alongside physical works such as Rembrandt or Picasso to promote the crypto art movement worldwide

3/ These works will now be in one of the largest art collections in human history alongside physical works that have defined the last 6,000 years of artistic expression. Among them works by Rembrandt, Picasso, Frida Kahlo, Cassatt, Andy Warhol, Monet and Georgia O’keeffe.

- Cozomo de 'Medici (@cozomomedici) 13. February 2023

How blockchain technology revolutionizes the art scene

The rise of blockchain technology has revolutionized the art scene. With blockchain, art collectors and artists can check the authenticity of works and transmit property seamlessly. In addition, Blockchain has opened new opportunities for digital art that were previously impossible.

The acquisition of this collection of digital NFT art by Lacma is proof of the growing importance of cryptocuna in today's era. By collecting works that represent the crypto art movement, Lacma not only preserves the new forms of artistic expression, but also his actions also serve to educate the public about the effects of the blockchain on the art industries.

Since the crypto art movement gains dynamics, it is expected that more museums and art institutions will accept them. This would create new opportunities for digital artists and collectors to present their works at established artificial locations and to establish themselves as legitimate artists.

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