Banksy isn’t the only person publicly destroying Banksy artworks now.
In the latest stunt in the craze for NFT crypto Art (Non Fungible Tokens), which is taking the art world by storm. Injective Protocol bought a Banksy and converted it into an NFT…
…and then burned it on video.
Injective Protocol bought Banksy’s Morons (White) (2006), showing a crowded auction room with an ornately framed piece beside the auctioneer inscribed with the words,
“I can’t believe you morons actually buy this shit.”
The company bought the work at Taglialatella Galleries, in a Banksy sale this past winter, the gallery’s president, Brian Swarts, confirmed to Artnet News.
CBS News reported that it paid $95,000 for the work.
“Taglialatella Galleries was not part of the planning of this, but we understand the NFT medium offers unbridled, limitless possibilities for artists and galleries to experiment with creativity.
While we do not encourage the destruction of rare and important artwork, we do understand the importance and context of performance art in the physical world will surely translate and expand in the world of digital art and NFTs.”
In a video a representative of the company explains that they had to burn the physical piece because, if it still existed, the value would remain primarily there, rather than in the digital asset. (Which is not true, really…)
In the video, a masked man stands next to an easel displaying the work and explains the group’s motivations.
“The goal here is to inspire. We want to inspire technology enthusiasts and we want to inspire artists.”
He places the lighter to the framed work. It seems a bit reluctant to catch fire.
Full disclosure, I’m releasing my own NFT Crypto art with YoNo Mints this Sunday… more on that to come.