Monday, March 8, 2021

So You Buy Banksy's 'Morons' For $95K, Burn It, And Sell It As A Non-Fungible Token For $380,000 In Ethereum

https://preview.redd.it/j1pgsatz0kb31.jpg?width=960&crop=smart&auto=webp&s=9f28a8d85dfb66b1b4e2a50d380c5b7a5a511589

Irony can be so ironic.

 From Bitcoin.com

A Group of Crypto Proponents Burned an Original Banksy 'Morons' Print and Turned It Into an NFT

Original artwork crafted by the pseudonymous England-based street artist and political activist Banksy has been burned in order to turn the art into a non-fungible token (NFT). The screenprint was one of only 500 made and was authenticated by Banksy’s verification company Pest Control. The burning was a symbolic message of turning a rare piece of physical artwork into a non-fungible digital collector’s item.

Burning a Banksy ‘Morons’ Print

In February a Twitter account appeared on social media with the name @burntbanksy, which consists of a group of art and non-fungible token (NFT) enthusiasts. The group of collectors and investors announced that on March 2, 2021, the group would be burning the artwork created by the iconic street artist Banksy.

The England-based artist and well known political activist, Banksy is one of the most popular graffiti artists today with his unique street art commentary and stenciling technique. The Burnt Banksy team decided they would be destroying a piece called “Morons” which was screen printed in 2006....

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