The NFT pioneer and the parent company for the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT collection, Yuga Labs, has launched its first and unique non-fungible token museum donation initiative.

On November 15, Yuga Labs confirmed launching the Punks Legacy Project, an initiative to preserve the pop culture and history of Ethereum-powered pictures-for-proof (PFP) NFTs in art Museums.

Yuga Labs Unveils Its Punks Legacy Project

The Bored Ape Yacht Club creator has announced a ready plan to begin offering free CryptoPunks NFTs to modern art museums around the globe, starting with CryptoPunks #305, which it has donated to the Institute of Contemporary Art Museum in Miami.

The Punk Legacy Project will oversee the donation and the installation of the CyptoPunks in the leading contemporary museum, including the ICA Museum in Miami city of Florida, and other museums around the globe.

According to the announcement, Yuga Labs will integrate its new initiative with those modern museums and provide residents with crypto and metaverse education relating to crypto history, cyber security, and NFT use cases.

Yuga Labs Donates CyptoPunks #305 To Miami Art Museum

Yuga Labs has decided to donate Punk #305 simply because Punks is widely known as the intellectual and philosophical icon of web3. Moreover, the NFT collection corresponds with the Miami phone area code 305.

The team behind bored apes believes that just as Jeff Koons and Andy Warhol drove a new renaissance for contemporary art, the CryptoPunks will lead to another rebirth of digital assets in art museums. In a short statement, Noah Davis, CryptoPunk Brand Lead, remarked:

“We believe NFTs belong in museums, and I’m thrilled to be kicking off the Punks Legacy Project with ICA Miami and CryptoPunk #305.”

In the meantime, the Miami Institute of Contemporary Art Museum will officially install its donated artwork on December 3, which will remain on view until the end of the year. Yuga Labs has pledged to continue donating more CryptoPunks to various art museums worldwide.

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