MAN WHO PROMOTED NFT BY BURNING ART UNDER INVESTIGATION

MAN WHO PROMOTED NFT BY BURNING ART UNDER INVESTIGATION.

NFT and crypto has seen a whole worldwide boom making it worth hundreds of billions of dollars over the years. 

Same kind of extravaganza followed its promotion, especially for a somewhat controversial NFT art market.

Some call it PR and some pure chaos when some art pieces were destroyed physically to promote its digital variant. 

A businessman is under investigation and now in danger of possible pressed charges after burning a sketch by the artist Frida Kahlo to promote the sale of NFTs based on it. Martin Mobarak burned the 1944 drawing, valued at $10 million, at a Miami party in a martini glass.

The Kahlo sketch was named initially ‘Fantasmones Siniestros’, or ‘Sinister Ghosts’, dated from 1944, and was a crayon, pencil and ink drawing showing a surreal conglomeration of creatures. It was apparently demolished and burned during a launch party for Frida.NFT, which aims to sell 10,000 NFTs off the back of the stunt. The New York Times said.  

The sales total 4 items so far after all that fuss. 

A video from the event showcases Mobarak, secured by ludicrous levels of security, removing the picture from its frame before placing it in a martini glass and setting it alight. Almost unbelievably, a mariachi band begins playing the popular Mexican song ‘Cielito Lindo’. 

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SOURCE NEWS: 

https://www.pcgamer.com/this-man-should-be-put-in-jailnft-bro-burns-dollar10-million-frida-kahlo-painting-as-mariachi-band-plays/