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Injective Protocol

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This controversial event was organized by a group of anonymous “cryptocurrency enthusiasts” and streamed live on YouTube. The digital token representing the work, a 2006 Bansky picture called “Morons” that could be understood as a critique of the art market, was finally sold for US $ 380.000 through NFT (non-fungible token) technology.

Ignacio Zuccherini: “A blockchain company bought a Banksy piece, made a digital copy, then burned the physical piece – to prove that art’s value can be digital instead of physical”.

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This controversial event was organized by a group of anonymous “cryptocurrency enthusiasts” and streamed live on YouTube. The digital token representing the work, a 2006 Bansky picture called “Morons” that could be understood as a critique of the art market, was finally sold for US $ 380.000 through NFT (non-fungible token) technology.

Ignacio Zuccherini: “A blockchain company bought a Banksy piece, made a digital copy, then burned the physical piece – to prove that art’s value can be digital instead of physical”.

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