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’.
To earn more in this Web3 world, Stay in touch and hip to which Web3 trends can strengthen your income or drive your business. Sign up for our Visible Magic newsletter and we’ll make it easy for you to stay up to date.