Burnt Banksy NFT Sells for $380K in ETH.

[Malam90]

A Banksy piece bought by a group of crypto-savvy artists, burned in a park and memorialized as an NFT has sold for 228.69 ETH.
An original Banksy artwork burned by a group of crypto-savvy artists has sold for 228.69 ETH, or roughly $380,000 at purchase.

The group behind the statement on non-fungible tokens (NFTs) accepted the offer Sunday afternoon Eastern time. The OpenSea sale comes just days after the group physically burned the artwork in a Brooklyn park. An unnamed source told CoinDesk earlier this week that the artists bought the piece for roughly $100,000.

Injective Protocol is the firm behind the Banksy buy. Spokesman Mirza Uddin said the group is still deciding on which charity will receive the proceeds from the NFT sale, though he did say it will be COVID-focused.

“We’re already planning our next event in collaboration with a prominent artist,” Uddin told CoinDesk. “Our aim is to bridge the world of traditional art with the world of NFTs. So, we’ll definitely be doing more to uphold this ethos.”  Source Link

[Micky]

A Banksy piece bought by a group of crypto-savvy artists, burned in a park and memorialized as an NFT has sold for 228.69 ETH.
An original Banksy artwork burned by a group of crypto-savvy artists has sold for 228.69 ETH, or roughly $380,000 at purchase.

The group behind the statement on non-fungible tokens (NFTs) accepted the offer Sunday afternoon Eastern time. The OpenSea sale comes just days after the group physically burned the artwork in a Brooklyn park. An unnamed source told CoinDesk earlier this week that the artists bought the piece for roughly $100,000.

Injective Protocol is the firm behind the Banksy buy. Spokesman Mirza Uddin said the group is still deciding on which charity will receive the proceeds from the NFT sale, though he did say it will be COVID-focused.

“We’re already planning our next event in collaboration with a prominent artist,” Uddin told CoinDesk. “Our aim is to bridge the world of traditional art with the world of NFTs. So, we’ll definitely be doing more to uphold this ethos.”  Source Link

A tokenized version of a now-destroyed Banksy painting called ‘Morons’ was sold at an NFT auction for 228.69 ETH or $382,336 to bidder 'GALAXY' late this afternoon.

The enigmatic British street artist's original painting was first sold for £16,250 in 2006. It depicts a crowded auction house. The lot for sale behind the auctioneer is a framed canvas that simply reads: “I CAN’T BELIEVE YOU MORONS ACTUALLY BUY THIS SHIT.”

So far so meta, but new layers of social commentary were added to the work when crypto-obsessed financial traders got their hands on it.

A Burned Up Banksy NFT Just Sold For $382k
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