BUENOS AIRES, Oct 4 – Argentine artist Leandro Granato, identified for his ‘eye painting’ method, has destroyed 5 of his works to create artwork that now exists solely within the digital world.
Using selfmade explosive units, Granato blew up 5 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,” mentioned Granato.
On a video, Granato might be seen selecting up the stays of canvases, which might be delivered to every purchaser as proof of its destruction.
Years in the past, Granato stunned the world by introducing paint by means of his nostrils and expelling it by means of his tear ducts.
After having offered lots of his items overseas and seeing the insecurity of the artwork market, he determined to discover crypto artwork. Bought and offered with cryptocurrencies reminiscent of bitcoin and ethereum , NFTs restrict forgery by utilizing blockchain expertise.
The market for NFTs has been surging, although skeptics have warned of a bubble, and many individuals are confused as to why a lot cash is being spent on objects that don’t bodily exist.