Premium artwork burnt in the name of NFT – Katoch Tubes

Burning real art  in the name of NFT

What's the news?

The owner of Frida Kahlo's Artwork burnt the original creation after converting it  into real NFTs.

The emerging trend

Setting fire to important and multi million dollar artwork isn't new but the trend is getting common after NFT boom

History of the trend

It started in 2018 when Banksy's 'Girl With Balloon' was self-destructed in an auction room and immediately bought by buyer for over £1million.

Latest incident

A 1944 drawing by Frida Khalo, one of the most renowned artist was burnt by crypto entrepreneur Martin Morabak to sell it as NFT.

About the NFT

The 10,000 NFTs are the only legitimate copies of the artwork left in the market. Each is sold for $4000 ETH.

What do you think?

It's a question to be asked, whether or not this insane trend holds ground in the digital world by eliminating the real artwork.

Million Dollar NFTs

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