raptortooth: desperate-acts-of-capitalism:oorpe:yupthatexists: Blockchain company BurntBanksy recent
raptortooth: desperate-acts-of-capitalism:oorpe:yupthatexists: Blockchain company BurntBanksy recently bought a $95,000 Banksy artwork, just to set it on fire! The goal was to take art in the physical world and bring in into the digital world as something called an NFT (non-fungible token).The company stated “We view this burning event as an expression of art itself, and we specifically chose a Banksy piece since he has previously shredded one of his own artworks at an auction.”The company is selling the piece on an NFT website called OpenSea, where the current offer is on 2 ETH ($7,357). deftly turning 95 grand into 7 like any crypto scheme worth it’s salt Amazing. It’s like a metaphor for itself. This absolutely does qualify as performance art, and we’re all experiencing it for free through this tumblr post on the world’s most unprofitable social media. Fucking incredible. -- source link