non fungible token - and Banksy Burning

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https://youtu.be/C4wm-p_VFh0

is this the future or just a fad?

After this original Banksy was destroyed, burned, it sold for $380,000. 

Monet destroyed tons of his own works. If one of them showed up on the auction block, I would expect a similar result.

michelangelo smashed Jesus' arm right off of a marble statue he carved because he really just didn't care for the stone. That's punk as fuck.

I've been reading about NFTs, but most of it goes over my head. I never really got the whole blockchain thing, so apparently I'm a cryptocurrency dinosaur.

As for artists destroying their work, these actions seem to violate the age-old dictum Ars longa, vita brevis. The act of destruction seems to be the thing they hope will be remembered long after they're gone.

I'm trying to get my head around NFTs.  In this case the art was not destroyed by the artist but by the "owner" of the piece.  After the actual work  was burned on 3/3/21 the NFT was auctioned off on 3/8/21.  So while the actual art no longer physically exist, the NFT proof of ownership exists and is more valuable than the original piece.  Weird. 

was going to post something about this yesterday.

nba top spot? other sports soon to follow.

kings of leon?

the whole concept is bizarre

A digital image sold online at Christie’s for $69.3 million—more than anyone has ever bid for artwork by Frida Kahlo, Salvador Dalí or Paul Gauguin. It’s the most expensive digital asset ever to sell with a digital certificate of authenticity known as a non-fungible token, or NFT. It could prove a watershed moment for crypto asset markets as well as the art world, even as many top collectors and dealers admit they are figuring out what NFTs do

 

It sounds like you're buying bitcoin for the artist. They get cryptocurrency at a rate and you get something they say is valued by other crypto enthusiasts that might make a kind trade.