Valuart is set to auction off a 1:1 NFT inspired by the original “Spike” artwork by Banksy.
For this release, “Spike” is recreated as a CGI artwork that floats across the universe as it heads to its rightful home — earth. The original artwork was created in Palestine by the elusive Banksy and is now in possession of Valuart co-founder and world famous operatic tenor, Vittorio Grigolo. The young entrepreneur plans to send 50 percent of the proceeds to charity.
“I’m thrilled to participate in this project and use my voice to create a magical atmosphere for the rebirth of this extraordinary piece of art I discovered more than a decade ago,” he said in a statement.
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Valuart is the latest player in the blockchain game, with the goal to help artists sell their works and retain true value. Afterwards, Valuart will create a Digital Original (or perfect clone of the file), which is then repurposed in various ways throughout the market.
The auction begins on July 22 at 10:22 p.m. CEST (4 p.m. EDT). What will Banksy himself make of this? Maybe we will find out in his next piece.
Meanwhile, A Tribe Called Quest confirmed that they are not in partnership with NFT platform Royalty Exchange.
