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For an artist who jumpstarted the 2021 NFT boom, it\u2019s taken Beeple a minute to enter a museum\u2019s collection. But at long last, the wait is over.<\/span>\u00a0<\/span><\/p>\n The Castello di Rivoli Museo d\u2019Artte Contemporanea in Italy has welcomed the first NFT to its permanent collection\u2014a racy work created and donated by Beeple. Titled <\/span>FTX Board Meeting, Day #5676 11.13.2022<\/span><\/i> (2023), the work exists as both 1\/1 NFT and an oil painting, and depicts, in Beeple\u2019s hyperreal style, an imagined day in the server room of bankrupt cryptocurrency exchange FTX.<\/span>\u00a0<\/span><\/p>\n \u201cBeeple\u2019s work,\u201d said museum director Carolyn Christov-Bakargiev in a statement, \u201cconstitutes an important donation that updates our permanent collection with a work in a 21st-century medium that combines the digital with the physical.\u201d<\/span>\u00a0<\/span><\/p>\n She added that the work depicts \u201ca strong image,\u201d which is an understatement. The piece portrays multiple versions of FTX frontman Sam Bankman-Fried engaged in intercourse with one another, a solipsistic orgy that nods to the rumored sexual dalliances between FTX\u2019s staff members. An artist\u2019s note on the NFT reads \u201cboard-certified clusterfuck.\u201d<\/span>\u00a0<\/span><\/p>\n Mike Winkelmann (Beeple), FTX BOARD MEETING, DAY #5676 11.13.2022<\/em> (2023). Courtesy of Castello di Rivoli.<\/p>\n<\/div>\n According to the museum, the image had to be censored so it could be shared on the Castello di Rivoli\u2019s YouTube channel.<\/span>\u00a0<\/span><\/p>\n \u201cBeeple\u2019s seemingly pornographic image is also pointing to the childish, immature and narcissistic nature of the digital world,\u201d said Christov-Bakargiev. \u201cHe questions the technology and the society that develops in relation to that technology, even as he uses its system and structures.\u201d<\/span>\u00a0<\/span><\/p>\n The gift follows <\/span>Castello di Rivoli\u2019s 2022 exhibition<\/span><\/a> of Beeple\u2019s <\/span>Human One<\/span><\/i> (2021), the world premiere of the artist\u2019s video sculpture, which later <\/span>traveled to M+ in Hong Kong<\/span><\/a>. <\/span>\u00a0<\/span><\/p>\n Castello di Rivoli is the latest museum to add NFTs to its permanent holdings in the wake of the depressed crypto market. The <\/span>Buffalo AKG Museum of Art<\/span><\/a> and <\/span>LACMA<\/span><\/a> in the U.S. have acquired sizable collections of NFTs, while earlier this year the <\/span>Centre Pompidou<\/span><\/a>\u00a0became the first French national museum to acquire on-chain art. <\/span>\u00a0<\/span><\/p>\n