NFT Of Banksy's

NFT Of Banksy's

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A tokenized version of the Banksy painting, called” Morons " and now destroyed by burning, was sold at an NFT auction for 228.69 ETH (about $ 400,000).

A tokenized version of the Banksy painting, called” Morons " and now destroyed by burning, was sold at an NFT auction for 228.69 ETH (about $ 400,000).

The original painting by the mysterious British street artist first sold for £ 16,250 in 2006. The piece depicts a crowded auction house. In the frame behind the auctioneer in the picture, it simply says: “I can't believe you guys actually bought this shit.”


Earlier this year a group of blockchain investors and experts bought ‘Morons ' for $ 95,000 after it was verified by Banksy authentication firm Pest Control. This group included members of decentralized finance (DeFi) projects Injective Protocol and SuperFarm. The Pyro-seven anarchists then angered art lovers around the world when they uploaded a video showing them burning the work in Brooklyn, New York. The painting appeared flame-resistant for most of the unbearable three minutes it burned. The burned artwork is therefore referred to as” burnt Banksy " and was thus put up for sale as NFT.

Crypto-currency blockchain company Injective Protocol released the destruction of the work called” Morons " as a video and turned it into a digital asset and value. This NFT was later sold for $ 400,000.

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