France’s Centre Pompidou, a major modern art museum, is set to exhibit a collection of non-fungible tokens (NFTs) created by 13 digital artists from around the world. The exhibit will feature notable NFTs such as CryptoPunk #110 and Autoglyph #25, which were donated to the Centre Pompidou. The donation of these NFTs reinforces the museum’s interest in digital art and the blockchain.

The French National Museum of Modern Art’s Director, Xavier Rey, states that the Centre Pompidou’s support for artists in their exploration of new means of expression highlights the foundation of modern art.

Yuga Labs, the company behind popular NFT projects like Bored Ape Yacht Club and CryptoPunks, plans to donate more Punks to leading art institutions worldwide in the future. However, it is essential to note that the hype over NFTs and metaverse assets has cooled down dramatically over the past year amid a broader market downturn. Despite this, the Centre Pompidou’s exhibit is a significant milestone for the web3 and NFT ecosystem, paving the way for a collective understanding of how digital art can be accepted and appreciated for its impact and modern relevance.