• LACMA, one of Los Angeles’ most recognizable museums, has acquired nearly two dozen NFT art pieces from Cozomo de’ Medici.
• The pieces are part of the “Medici Collection” and include iconic ‘legacy’ pieces, generative and AI-produced works, photography, code, and more.
• This is the biggest acquisition of blockchain-based art from an American museum to date.

The Biggest Acquisition of Blockchain Art in America

This week saw the biggest acquisition of blockchain-based art from an American museum as Los Angeles County Museum of Art (LACMA) welcomed a generous gift from Cozomo de’ Medici. The “Medici Collection” consists of 22 NFT art pieces that represent some of the most recognizable names in NFTs and feature 13 international artists from around the world.

What’s Included in the Collection?

The impressive collection includes iconic ‘legacy’ pieces, generative and AI-produced works, photography, code, and more. It adds substantial weight to LACMA’s existing permanent exterior public works like Chris Burden’s “Urban Light” (pictured in the header above) and Michael Heizer’s “Levitated Mass”.

Ethereum: Genesis Of On-Chain Art

Ethereum (ETH) has been at the forefront of this revolution with many other chains also seeing developments in this vertical – even Bitcoin. Ethereum is often seen as a genesis for on-chain art due to its innovative approach to digital assets as well as its widespread adoption by developers across different industries.

NFTs: A New Era For Museums

LACMA’s acquisition marks a new era for museums as they step into uncharted territory with digital assets that exist solely on blockchains but have tangible implications for collectors everywhere. As technology continues to impact all facets of life – including fine arts collections – it will be interesting to see which museums follow suit with their own acquisitions down the line.

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