The Internet continues to hone the commercialization of invisible devices. In this case, the situation begins with something tangible, so we’ll start there. Based on Cryptocurrency news outlet Blockan investor bought a real car, a Lamborghini Huracan 2015, for real money. Then, an artist going by the handle of Shl0ms led a team of about 100 people working together to blow up the Italian superpair and turn its bits into 999 non-fungible tokens, known as NFTs. , and sell tokens at auction. The artist, the team, the boom and the bits are real matter – each of them can be touched and squeezed, is a wisher. Then, well, everything goes digital.
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๐๐๐๐๐๐๐๐๐๐๐ $ CAR:
๐ฟ๐ฟ๐ฟ ๐๐ก๐๐๐๐๐๐๐๐๐ข ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐
๐๐ ๐ ๐๐๐๐๐๐๐๐๐ ๐ป๐๐๐๐๐๐๐๐๐๐ ๐ท๐๐๐๐๐๐+
.๐ธ๐ป.๐ธ๐ธ https://t.co/AV6YAO4wlP
อ pic.twitter.com/wRIFP2M4kp– (@ SHL0MS)
February 17, 2022
Shl0ms told Fortune that his crew tested explosives for two weeks, looking for the right explosion to bring in the most dollars. When that was decided, they Huracan to the desert and put a “federally licensed explosives engineer” in charge of the explosion, and used a high-speed camera to record the explosion. Then the group gathered the Lamborghini pieces, select 999 of them to shoot into short 4K clips of “finely shot pieces” shot against a black background. These videos are non-fungible tokens that are about to be sold. Of those 999 videos, 111 were dedicated to the people behind the project. The remaining 888, labeled “$CAR”, will be listed in a 24-hour auction starting February 25, with bids starting with 0.01 Etherium coin (ETH) – a cryptocurrency – about $26 USD at current exchange rates.
So the short story is: Guy blows up Lamborghini, makes 999 videos out of 999 bits explode, sells videos online.
For anyone unfamiliar with NFT’s proprietary digital nature, none of the winning bidders will receive a piece of Lamborghini’s remains. In response to a tweet asking about the debris, Shl0mo tweeted that “these debris is large, dangerous, greasy or all 3 and will be safely stored for the foreseeable future.”
We know that money is one of the reasons for this endeavor. Shl0ms – who seems to have made around $first million words “art experiment NFT” – there is also precedent for this work. He demolished a urinal that resembled the famous 1917 urinal by artist Marcel Duchamp, then sold 150 NFT video clips of the surviving pieces in 2021. That NFT collection amassed get $500,000. And if you can get half a million for leftover porcelain vids on YouTube, how much does a Huracan cost?
Asset report was told that “much of the proceeds will be used to fund public installations.” Also, who knows. Shl0mo also said this is not a protest against cryptocurrencies, but โa general criticism of greed and short-termism in crypto.โ that turned technology into โzero-sum asset miningโ undermines the cryptocurrencyโs original goal and advocates, who are โdecentralized autonomous organizations (DAOs), centralized blockchain support groups.โ to a common goal, [utilizing] An active technology can be used to create art or for the public good. “So Shl0ms wants buyers to “appreciate the future creativity and artwork it funds, rather than simply accumulating value”.
Ahem. When someone can sell the NFT of a Shiba Inu meme image for over $4.4 million and others are pre-ordering cars just to sell them on eBay at ridiculous asking prices right after delivery, we wish them luck for “appreciating creativity”.
And we say that’s enough jargon for today. If you want to bid, go to Shl0ms’ page tomorrow with your ETH account ready.
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