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Burning NFT token artwork sells for $382K

Posted on November 12, 2022 by admin

Burning NFT token artwork sells for $382K

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Answer Burning NFT token artwork sells for $382K

An original artwork by the mysterious artist “Banksy” has been sold for 228.69 ETH (nearly $380,000) at the time of purchase.

According to Wikipedia, “Banksy” is:

A famous and anonymous English graffiti artist, he believes his name is Robert Banksy“ Born in 1974 and originally from Bristol.

However, there is no confirmation of Banksy’s identity. His various drawings have appeared in many locations in Britain, especially in Bristol, London and around the world, including in the West Bank on the separation wall. Banksy’s drawings vary in the subject and mostly include political, cultural and moral topics.

The artwork, the subject of our article, was burned by a group of professional crypto artists, to be converted in the form of a non-fungible token (NFT), and the auction for it in its new digital form began yesterday, Sunday, on the site “open sea“.

Read:Bitcoin Transaction Fees Rise Over 300% Ahead of the Fork Event

The artwork’s display on OpenSea comes just days after the group actually burned the artwork in a Brooklyn park.

Tell an unnamed source Source Earlier this week, the artists purchased the piece for about $100,000.

Injective Protocol is the company behind the Banksy board purchase.

A spokesperson for the group that is offering the painting for sale said it still hasn’t decided which charity will receive the proceeds from the sale of the painting in the form of NFT yet, though he said the amount of money will focus on coronavirus victims.

The same spokesperson added:

We are already planning our next event in collaboration with a prominent artist, our goal is to connect the world of traditional art with the world of NFT.

Read:The founder of Tron responds to the founder of Ethereum regarding the trading of cryptocurrencies “ETHW” and “ETHS”

So, we will definitely do more to support that spirit.

Read also:

Twitter CEO puts his first tweet up for sale as “NFT”

Billionaire Mark Cuban invests a sum of money in a platform for non-fungible tokens (NFT)


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