Latest Crypto News: European Museum to Exhibit NFTs, Reddit Gives Away Millions Of Super Bowl NFTs

Here are some recent developments from the world of crypto
Latest Crypto News: European Museum to Exhibit NFTs, Reddit Gives Away Millions Of Super Bowl NFTs

France’s national museum for modern art in Centre Pompidou in Paris plans to host an exhibition to showcase the relationship between art and blockchain, bringing the NFTs to the centre of the Parisian art scene.

The February 10 exhibition will feature NFTs from CryptoPunks and Autoglyphs projects and works by 12 other digital artists. CryptoPunks is an NFT collection minted on the Ethereum blockchain. Each of the 10,000 “punks” is a 24×24-pixel image, one of crypto’s most dominant and enduringly popular profile pictures, a new form of asset tokenization, the organisers said.

Autoglyphs, on the other hand, are much rarer. The Ethereum-based generative art project from Larva Labs, the creators of CryptoPunks, only has 512 NFTs. The cheapest listed Autoglyph token is worth 249 ETH, or over $377,000.

It is the first time that NFTs have been accepted into the Centre Pompidou's collection, which includes masterpieces by Vassily Kandinsky, Marc Chagall, Henri Matisse, and Frida Kahlo. Centre Pompidou is the largest modern art museum in Europe.

Reddit Gives Away Millions of Super Bowl NFTs on Polygon

In a testament to Web3’s popularity, the discussion platform Reddit has distributed millions of free NFTs through its Collectible Avatars project. The new collaboration with the NFL on free Super Bowl NFTs helped Reddit hit another major milestone.

About 1.3 million of the official Super Bowl LVII NFT avatars have been minted since Monday’s launch, including more than 500,000 on Tuesday alone, reported decrypt. Users have now minted nearly 10 million of Reddit’s Collectible Avatar NFTs to date, according to public blockchain data available on Dune, currently topping 9.7 million in total.

The Super Bowl avatars were offered free to all Reddit users, who can claim one of four unique avatar styles—including those for the Kansas City Chiefs and Philadelphia Eagles—through the Reddit platform at no cost. Reddit’s Collectible Avatars are minted on Polygon, an Ethereum sidechain network that enables cheaper, faster transactions. Because they’re free avatars, Reddit’s Super Bowl NFTs aren’t generating a lot of trading action.

Many Web3 advocates, like Reddit's NFT program, provide people with easy access to the space. You can access it with a click of a button; you can pick an avatar from a collection, or choose a password for the newly created wallet, and you're done. The avatars can optionally be transferred to an external wallet and then traded.

Reportedly, over 6.6 million unique wallets now hold Reddit’s Polygon avatars, including about 500,000 new wallets created this week amid the Super Bowl promotion.

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