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Yuga Labs, the Web3 company behind the NFT trailblazers CryptoPunks<\/a> and Bored Ape Yacht Club has unveiled a new collaborative initiative called \u201cPunk in Residence.\u201d The new program aims to redefine fine art by collaborating with established \u201cIRL\u201d artists to create innovative digital works using blockchain technology. Each chosen artist in residence will bring a new practice or perspective, regardless of whether they have prior experience in Web3. The starting point for each artist is to question, \u201cwhat does punk mean to you?\u201d<\/p>\n Nina Chanel Abney<\/a> will be the first to step up. The Chicago-born artist is renowned for her vibrant, large-scale paintings, exploring the intersection of contemporary culture, race, gender, sexuality and global politics, with works in the Whitney\u2019s collection and solo exhibitions at the ICA Miami and Palais de Tokyo.<\/p>\n In 2022, Abney released her first NFTs as part of Nina\u2019s Super Cool World<\/a>, a project encompassing 5,080 generative PFPs (profile picture) that play off her graphic aesthetic. The NFTs were later made available as prints on Avant Arte<\/a>. \u201cI was excited and really inspired to embrace NFT as a new medium,\u201d she said at that time<\/a>. \u201cI know the increasing potential and capabilities of NFTs, and I truly think it\u2019s a great way to create deeper engagement with the art community.\u201d<\/p>\n She added: \u201cI hope this collection and my artistic journey can inspire other artists from underrepresented communities to jumpstart their own NFT and digital art.\u201d<\/p>\n #NewProfilePic<\/a> pic.twitter.com\/cBobospV23<\/a><\/p>\n \u2014 Nina Chanel Abney (@ninachanel) February 6, 2024<\/a><\/p>\n<\/blockquote>\n The outcome of Abney\u2019s time as a Punk in Residence, a program that offers mentorship, technical guidance, and production support, will be exhibited at an upcoming solo exhibition, with sales conducted on Magic Eden<\/a>, a platform for creator royalties. The artist was also gifted Punk #72<\/em> by the CryptoPunks team to celebrate the launch of the project.<\/p>\n \u201cCryptopunks are a pioneering project that has played a crucial role in the creation of the digital collectible space,\u201d the artist told Business Wire<\/a>, \u201cBy collaborating with them, I saw an opportunity to be at the center of a unique intersection of art, technology and culture.\u201d<\/p>\n\n