Artist Blows up Lamborghini Huracan To Sell the pieces as NFTs

Artist Blows up Lamborghini Huracan

The artist SHL0MS destroyed a Lamborghini Huracan with explosives to create 999 pieces.
He filmed them to create a rotating video for each one.
There’s no denying that non-fungible tokens (NFTs) are in the spotlight right now.

Shl0ms said, “the car was taken to an undisclosed desert location in the U.S. and blown up by a
federally licensed explosives engineer after two weeks of testing explosions.”

Shl0ms will auction off NFTs that are videos of 888 pieces of the destroyed car.
Another 111 of those NFTs will be given to the artist’s team and used for an upcoming project, they said.

Artist Blows up Lamborghini Huracan

What are NFTs?

non-fungible token (NFT) is financial security consisting of digital data stored in a blockchain, a form of a distributed ledger.

The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded.

NFTs can be created by anybody and require few or no coding skills to create.

 NFTs typically contain references to digital files such as photos, videos, and audio. Because

NFTs are uniquely identifiable assets. They differ from cryptocurrencies, which are fungible.

The NFT market grew dramatically from 2020–2021: the trading of NFTs in 2021 increased to more than $17 billion, up by 21,000% over 2020’s total of $82 million.

NFTs have been used as speculative investments, and they have drawn increasing criticism for the energy cost and carbon footprint associated with validating blockchain transactions as well as their frequent use in art scams.

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