Justin Sun’s historic Giacometti NFT collection to grace the Institut Giacometti

Justin Sun’s historic Giacometti NFT collection to grace the Institut Giacometti

Justin Sun, the prominent figure behind Tron, has revealed plans to exhibit his renowned NFT collection of Giacometti’s 1964 masterpiece, “Le Nez,” at the revered Institut Giacometti in Paris. The sculpture, which he acquired at Sotheby’s for a staggering $78.4 million, remains one of Alberto Giacometti’s most influential works.

The exhibition detailed

The Institut Giacometti aims to unite all renditions of the Nose for a grand exhibition scheduled to run from October 7 to January 7 of next year.

The exhibition, which seeks to blend the traditional world of art with the burgeoning realm of blockchain technology, is the result of a collaboration between the APENFT Foundation and TRON

After winning the auction of “Le Nez”, Sun showcased his commitment to the arts by donating it to the APENFT Foundation. This institution champions the integration of finance, art, and culture within the metaverse, using the transformative power of blockchain technology.

A Glimpse into Justin Sun’s past

Born in China in 1990, Sun’s academic achievements include a Bachelor of Arts in History from Peking University and a Master of Arts in East Asian Studies from the University of Pennsylvania. While studying at the University of Pennsylvania, Sun delved into the world of cryptocurrency, becoming an early investor in Bitcoin. 

His entrepreneurial journey took a pivotal turn when he studied at the Zhejiang Hupan Entrepreneurship Research Center under Jack Ma. His influence grew rapidly, earning him the cover of Yazhou Zhoukan in 2011 and the title of a Davos Global Shaper in 2014.

Controversy surrounds Sun

Despite his contributions to the world of art and blockchain, Sun’s recent actions have attracted scrutiny. In March 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against him. The charges allege the sale and promotion of unregistered securities tied to Tron (TRX) and BitTorrent (BBT) tokens.

Furthermore, the SEC accused Sun of engaging in wash trading to inflate TRX’s market price artificially. The ripple effects of these allegations were felt widely, with celebrities like Akon, Ne-Yo, Austin Mahone, Soulja Boy, Lindsay Lohan, Jake Paul, and Lil Yachty facing charges for endorsing these cryptocurrencies without proper disclosures.

With the exception of Soulja Boy and Mahone, the remaining celebrities settled with the FTC for over $400,000 without admitting or denying the accusations.

Waiting for “Le Nez”

While the world of art eagerly anticipates the exhibition of “Le Nez,” the shadows of controversies loom over Justin Sun. As he forges a bridge between the traditional and the digital, one can only wonder about the lasting impact of his endeavors on both the art and blockchain sectors.

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