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Mexican millionaire burned artwork Frida Kahlo is intended to convert it into a non-fungible token, or NFTs.
Martin Morabak The country sparked much outrage after a Mexican artist burned the “Sinister Ghosts” to “commemorate” her and pledge donations to various art venues in the country.
art or vandalism
In July, the millionaire burned a $10 million piece of art at a private event. His intention, he says, is to create 10,000 NFTs which are sold online.
Project FridaNFT claims that it seeks to “reform the charitable sector” and that the sale of these tokens will allow large donations to be made to places where art is shared.
Price for each NFTs work is 3 Ethereum coins, hoping to raise about $40 million.
“Turn this job into NFTs it is a way that we can immortalize her works and her life, we are building a bridge between traditional art and new art, i.e. digital art (…) Frida loved to give back. This is something that will cause controversy, with this we can ensure the success of this project, ”the millionaire said in an interview.
This is not the first time an artwork has been burned to be sold as NFTs
In March 2021, street artist Banksy’s “Morons” was cremated to be sold as digital art for $380,000. However, the people behind the burning call this trick “the expression of the art itself.”
could be a crime
The Mexican government is in doubt, as many authorities have raised their voices in protest against the burning of such an important work.
Ministry of Culture Mexico said it was “denied that the premises of this Institute, such as the Palais des Beaux-Arts and/or the Palais Museum, receive any donation from said collector, “as has been publicly disclosed.”
Also works Frida Kahlo In the country, they are considered monuments of art, so their burning could be considered a crime against historical heritage.
At the moment, there is a video of the burning of the work, where Morabak declares that this is the real work of the artist.
At the moment, the owners of one of them NFTs They will have access to the work in PNG format, as well as a letter explaining the history of the work, as well as a copy of the certificate of authenticity.
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Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.