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Someone did this with a Banksy print a while back, bought it, burned it, sold it as an NFT. And the NFT sold for several times the value that the print would ha

Someone did this with a Banksy print a while back, bought it, burned it, sold it as an NFT. And the NFT sold for several times the value that the print would have. That was back in the NFT frenzy days of early-this-year though. https://www.newyorker.com/magazine/2021/05/17/burnt-banksys-inflammatory-nft-not-art https://www.newyorker.com/magazine/2021/05/17/burnt-banksys-... The reaction to burning the constitution would be overwhelmingly negative. Maybe like KLF's burning a million quid it would ultimately shake out as a powerful statement, but I sort of doubt it.

ericjang 5y ago
The fact that the NFT sold for more than the original print after the act suggests to me that the "sacrifice-value-transfer" is not an exact 1:1 process, since the resulting NFT had a different value. Yes, the owner is probably delighted that the NFT is worth more, but then I'd argue that "uploading a physical object's value to the digital realm" is no longer the right way to think about this.