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NFT art: the bizarre world where burning a Banksy can make it more valuable

By Paul J Ennis, Lecturer/Assistant Professor in Management Information Systems, University College Dublin

A blockchain company has bought a piece of Banksy artwork and burnt it. But instead of destroying the value of the art, they claim to have made it more valuable, because it was sold as a piece of blockchain art.

The company behind the stunt, called Injective Protocol, bought the screen print from a New York gallery. They then live-streamed its burning on the Twitter account BurntBanksy.

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