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How Museums Are Trying to Figure Out What NFT Art Is Worth

Priscila has a few things that make her special. Purple lipstick, messy black hair, a mole the size of her pupils. They’re the kind of features that make her valuable as one of the 10,000 collectible non-fungible tokens called CryptoPunks generated by the tech-art group Larva Labs. This past summer, the Institute for Contemporary Art Miami announced that it would acquire the work as part of its permanent collection, saying that NFT works are “truly representative of the cultural zeitgeist and will have historic significance for generations to come.”

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