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Street Artist Banksy Work Physically Burned and Digitized as NFT
Summary: A piece by famous street artist Banksy is to be sold as a non-fungible token (NFT) – after the original was physically burned in Brooklyn, N.Y., on Wednesday. Banksy was not involved. The piece was bought for roughly $100,000. The burning was live-streamed through the Twitter account BurntBanksy, after which the team created an NFT ...
A piece by famous street artist Banksy is to be sold as a non-fungible token (NFT) – after the original was physically burned in Brooklyn, N.Y., on Wednesday. Banksy was not involved. The piece was bought for roughly $100,000.
The burning was live-streamed through the Twitter account BurntBanksy, after which the team created an NFT to represent the artwork on the Ethereum-based OpenSea marketplace.
An auction for the NFT will commence on OpenSea on March 4 with proceeds from the sale going to charity. The winning bidder will receive the official proof of authenticity from Banksy’s authentication agency, Pest Control.
By Amy Liu
Tags: Artwork,Banksy,NFT
Link: Street Artist Banksy Work Physically Burned and Digitized as NFT [Copy]
