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In First Physical Banksy Artwork Burned and Digitized to NFT
Mar 4 2021 · 09:07 UTC | Updated
Mar 4 2021 · 10:32 by Bhushan Akolkar · 2 min read
Photo: Burnt Banksy / Twitter
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The 21st-century art enthusiasts are stashing physical artwork and converting them into digital collectibles in the forms of blockchain-based NFTs that are further auctioned for millions of dollars.
The recent developments around NFTs have really caught fire as things have escalated to a whole new level. In a first-of-its-kind move, the original artwork of Banksy worth £70,000, dubbed Morons, was destroyed and converted into a non-fungible token (NFT).
Morons, 2006 popular print ridicules the collectors who pay massive sums of money for art. The destruction happened in Brooklyn, New York while live-streaming the event to a global audience. Pest Control, a Banksy body that verifies the art, has authenticated the original artwork.
NFT Sale of Ben Mauro Completed within Minutes of Launch for $2 Million
Mar 4 2021 · 08:41 UTC | Updated
Mar 4 2021 · 09:07 by Bhushan Akolkar · 2 min read
Photo: Ben Mauro / Twitter
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With the NFT craze catching up, popular artist Ben Mauro known for creating profound characters and futuristic lifeforms successfully sold 21 unique collections in NFTs on the VIV# marketplace leveraging the Flow blockchain.
On Wednesday, March 3, legendary concept design artist Ben Mauro completed the sale of its 21 NFT collectibles, raising a whopping $2 million in a flash sale that lasted just 7 minutes. The sale happened on the VIV3 marketplace and facilitated on the Flow blockchain. Also, the sale happened in 3 tier packs – Common, Rare and Legendary.