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The popular Los Angeles County Museum of Art (LACMA) has received a collection of non-fungible tokens donations from various digital collectible investors, which are estimated to be worth millions of dollars.

LACMA Art Museum Receives NFT Donations

In a February 13 announcement, the Los Angeles Art museum confirmed receiving a collection of non-fungible tokens and physical artwork donations potentially worth millions of dollars from notable collectors.

The art museum has received 22 tokenized digital artworks from the pseudonymous Cozomo de’ Medici, a renowned Crypto Twitter personality and NFT investor. The collection includes CryptoPunks #3831, which was last sold for $2.1 million worth of ETH in 2021.

LACMA has also received more digital collectibles from Art Block, a popular platform that features artwork generated by algorithms deployed on a blockchain network. Art Blocks features artworks from renowned digital artists Dmitri Cherniak and Monica Rizzolli.

Moreover, LACMA has received more NFT collections from notable collectors, such as well-known photographer Justin Aversano and digital artists Yam Karkai, Claire Silver, and Pindar Van Arman.

LACMA Joins Centre Pompidou To Exhibit NFTs

The Los Angeles Art Museum joins a growing list of contemporary art museums that have begun to showcase non-fungible tokens in their art gallery. On Friday, Centre Pompidou also confirmed receiving some NFT donations.

The French modern art museum Centre Pompidou received CryptoPunk #110 from Yuga Labs, a digital asset incubation firm behind the famous Bored Ape Yacht Club, and an Autoglyphs NFT from digital asset firm Larva Labs.

In November 2022, Miami Modern Art Museum received a CryptoPunk NFT donation from Yuga Labs. At the time, Yuga Labs unveiled the Punks Legacy Project, an initiative to preserve the pop culture and history of Ethereum-powered pictures-for-proof (PFP) NFTs in art Museums.

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