Using homemade explosive devices, Granato blew up five of his
works that he valued at $70,000 to create non-fungible token (NFT)
artworks.
"Two out of these five works are already sold, two are booked,
and there's only one left to sell. This means that I have to
start working on a second piece and also think of how I am going
to destroy them," said Granato.
On a video, Granato can be seen picking up the remains of
canvases, which will be delivered to each buyer as proof of its
destruction.
Years ago, Granato surprised the world by introducing paint
through his nostrils and expelling it through his tear ducts.
After having sold many of his pieces abroad and seeing the
insecurity of the art market, he decided to explore crypto art.
Bought and sold with cryptocurrencies such as bitcoin and
ethereum, NFTs limit forgery by using blockchain technology.
The market for NFTs has been surging, though skeptics have
warned of a bubble , and many people are confused as to why so
much money is being spent on items that do not physically exist.
(Reporting by Miguel Lo Bianco; Editing by Lisa Shumaker)
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