NFT Art: The Bizarre World Where Burning a Banksy Can Make It More Valuable

But why would someone want to destroy the original art? Well, this is what the BurntBanksy collective had to say about it: > If you were to have the NFT and the physical piece, the value would be primarily in the physical piece. By removing the physical piece from existence and only having the NFT, we can ensure that the NFT, due to the smart contract ability of the blockchain, will ensure that no one can alter the piece and it is the true piece that exists in the world. By doing this, the value of the physical piece will then be moved onto the NFT. (> View Highlight> )