(2021-03-12) Banksy Work Physically Burned And Digitized As NFT In Artworld First

Banksy Work Physically Burned and Digitized as NFT in Art-World First. A piece by famous street artist Banksy is to be sold as a non-fungible token (NFT) – after the original was physically burned in Brooklyn, N.Y., on Wednesday

The piece, “Morons,” which pokes fun at art collectors, has been burned by a team of crypto enthusiasts at a discreet Brooklyn location.

Banksy was not involved. The piece was bought for roughly $100,000, an unnamed source told CoinDesk.