Yuga Labs Donates CryptoPunk, Commences New Art Museum Initiative

Yuga Labs Donates CryptoPunk, Commences New Art Museum Initiative

Yuga Labs is donating CryptoPunk #305 to Miami's Institute of Contemporary Art, according to a tweet from the project

The donation begins the "Punks Legacy Project," an initiative designed to further the reach of CryptoPunks and NFTs with Yuga Labs overseeing the donation and installation of CryptoPunk NFTs to art museums around the globe. 

“We believe NFTs belong in museums, and I’m thrilled to be kicking off the Punks Legacy Project with ICA Miami and CryptoPunk #305," said newly installed CryptoPunks brand lead, Noah Davis

Yuga Labs will also offer resources and education to ICA Miami on topics like web3, crypto art history, crypto security, and NFT best practices.

The news comes just one month after Yuga Labs pledged $1 million in support of art and education programs in Miami, where co-founders Greg Solano and Wylie Aronow have roots. 

“We’ve been planning this for some time and are excited to finally announce Yuga’s investment in the future of our hometown. Miami has become a hub of a dynamic industry where Yuga Labs is at the forefront of innovation,” said Solano. 

CryptoPunk #305, which features a "blonde bob" and "VR headset" was transferred to a wallet presumably owned by ICA Miami yesterday. That wallet also contains a Nina's Super Cool World NFT which was purchased for 15 ETH four months ago. 

The floor price for VR Headset Punks is 79.80 ETH at the time of writing. 

More about CryptoPunks

One of the most iconic NFT collections of all-time, CryptoPunks was developed by Larva Labs and released in 2017 as a free-to-claim experiment. CryptoPunks, along with the Bored Ape Yacht Club led the NFT bull run of 2020 and helped bring digital collectibles to the mainstream through high profile auctions and celebrity onboarding. In 2022, Larva Labs sold the intellectual property of CryptoPunks to Yuga Labs, who created the Bored Ape Yacht Club.

At the time of publish, the CryptoPunks floor price sits at 65.95 ETH, and has stayed relatively flat over the past 24 hours on 365 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 1 NFTs and no sharp wallets have bought NFTS in the the CryptoPunks collection. Catch up on other recent CryptoPunks news here.

Recent CryptoPunks Sales

#9519sold at 11/26 4:11am for
#6714sold at 11/26 4:11am for
#3359sold at 11/25 8:11pm for
#7167sold at 11/25 7:11pm for
#8488sold at 11/25 6:11pm for

Recent CryptoPunks Listings

#7526listed at 11/26 9:11am for
#4113listed at 11/26 7:11am for
#8285listed at 11/26 6:11am for
#1844listed at 11/26 4:11am for
#8238listed at 11/26 4:11am for
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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