The Los Angeles Museum of Art (LACMA) received a million dollar NFT donation

The famous Los Angeles museum has become the latest major museum to receive a donation of NFTs works, amounting to the equivalent of millions of dollars.

The museum already had a number of non-fungible tokens in its repertoire. On this occasion, it has accepted the donation of 22 digital artworks in NFT format, which have been carried out by Cozomo de’ Medicia well-known user on the social network Twitter.

Although the true identity of the account holder is not known for certain, he said in a recent publication that this donation of art on blockchain is the first to be made from a collector to a museum.

The museum made an official publication announcing that the collection has 22 digital artworks by 13 different foreign artists from countries such as the United States, Canada, Brazil, China, England, among others.

In this sense, they went on to express that with works made between 2017 and 2022, the collection reflects the “boom” of artistic experiments with web3 technologies such as blockchain that have been developing since the 2010s.

Among the collection received by the museum is an edition of the famous Blue Chip CryptoPunk collection, NFT #3831, whose last sale value reached the value of $2.1 million in ETH in 2021.

Cozomo Medici is said to have links with rapper Snoop Dogg (and some people even claim to be the same), who has a strong presence in the web3 field.

One of the antecedents mentioned as a basis for this position, is a publication made on the rapper’s official Twitter account, where he claims to be the person under the pseudonym “Cozomo Medici” by September 20, 2021.

Other NFTs that are part of the donation are from ArtBlocks, a platform that exhibits artworks generated by algorithms using blockchain. These works belong to collections of projects such as“Ringers” and“Fragments of an Infinite Field“. On the other hand, you can find notable digital art artists such as photographer Justin Aversano, Claire Silver and Pindar Van Arman, among others.

One issue that is striking is that the museum advertisement does not use the term NFT. Just as some platforms choose to call them as Collectible Avatars, or Digital Collectibles, among other denominations.

In addition to this collection of 22 works, LACMA has also received other donations previously, such as a Chromie Squiggle by Erick Calderon, who is the founder of the Art Blocks platform. Likewise, it also received a donation of an NFT from Rocket Factory, among others.

In recent days, the Pompidou Center in Paris announced that it also received a donation of a CryptoPunk NFT and an Autoglypsh NFT. This donation was made by the companies Web3 Yuga Labs and Larva Labs.

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Written by Luciano Garriga (TW:@luchogarriga) for NFT Express