A group of crypto artists bought the Banksy piece “Morons” and burned it before issuing an NFT.
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.
It’s a first for the art industry as NFTs jump into the mainstream consciousness.
The piece, “Morons,” which pokes fun at art collectors, has been burned by a team of crypto enthusiasts at a discreet Brooklyn location.