Influencer Cozomo de' Medici donates 22 NFTs to LACMA

He soon became an NFT influencer and a major player in the market. Last on a Twitter account under the pseudonym of Cozomo de’ Medici, the hitherto little-known NFT influencer announces that he is donating 22 digital works to LACMA. One more donation that shows how excited museums and art institutions are about digital collectibles.

Who is hiding behind the pseudonym Cozomo de’ Medici?

Behind the identifier that bears the name of the Renaissance patriarch, Cosimo de’ Medici, of the Italian banking dynasty, is hiding rapper Snoop Dogg. He revealed it on September 20, 2021, in a challenge launched the same day to find out who was hiding behind this mysterious account. In addition, a prize pool of 1 ETH should be given to the first person who guesses it. Later that day, the rapper tweeted, “I’m @CozomoMedici,” ending speculation and sending the cryptocurrency community into a frenzy.

Is it the American rapper or another passionate actor of anonymity? Hard to say for now. Furthermore, Cozomo very quickly became a major player in the market. In recent years, he is said to have amassed a collection of CryptoPunks, Art Blocks and other non-fungible tokens (NFTs) worth an estimated $17 million.

A digital artwork donation to LACMA

The anonymous influencer, Cozomo de’ Medici, announced on his account on Monday Twitter that he donated many of his digital artworks to the Los Angeles County Museum of Art (LACMA). The donation consists of 22 works by 13 different artists. It includes a CryptoPunk by the NFT Larva Labs collective, a Ringers Collection piece by generative artist Dmitri Cherniak, and art by artificial intelligence (AI) artist Claire Silver.

As we can read in a Twitter feedthe influencer hopes the donation will highlight the importance of digital art as pieces sit alongside works by legendary artists such as Pablo Picasso, Georgia O’Keefe and Andy Warhol.

With this donation, my goal was to help bring together the worlds of chain art and contemporary art, which until now existed separately“, he said in a press release. And to add: I am thrilled that these historically significant chain works are contextualized alongside many iconic works of art from LACMA’s collection.

For his part, Michael Govan, CEO of LACMA and director of the Wallis Annenberg Foundation, said he was excited about how the donation will advance the museum’s focus on the intersection of art and technology. .

We are grateful to Cozomo de’ Medici for his pioneering generosity that will expand the diversity of our art collection and propel us to develop new standards and techniques to preserve works created on the blockchain.” , did he declare.

The NFT market is taking a decisive turn

Relatively new assets in the market, NFTs are slowly moving away from their native digital domains and towards major physical art institutions.

Just last week, NFT giant Yuga Labs donated a CryptoPunk to the Center Pompidou in Paris. At these odds, we also note the gift of Larva Labs of one of its emblematic Autoglyph NFT to the French museum. Yuga Labs’ donations are part of his Punks Legacy project, which he has launched in December with a donation CryptoPunk at the Miami Institute of Contemporary Art.

From the above, it is clearly established that digital works are increasingly winning the hearts of art museum officials. As I write this, across the Atlantic, NFT artist Refik Anadol presents his generative art to the New York Museum of Modern Art (MoMA) for a temporary installation that runs until March 2023 Titled “Unsupervised,” the generative work takes up an entire wall on the first floor of the museum. All this, we suggest that the NFT market will experience real development in the current decade.

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