- Valuart will be making its first NFT drop.
- 50% of the auction sale will go to charity.
- The NFT is a ‘perfect digital clone’ of Banksy’s ‘Spike’.
Valuart is set to auction a unique NFT derived from original artwork — Spike. This piece is based on Banksy’s work of the same name. More so, the firm is happy to say that 50% of the proceeds will go to charity.
The startup is known for minting licensed NFTs derived from original artwork. ‘Spike’, in particular, will auction as a 1:1 NFT. Notably, an infamous street artist — Banksy made the original piece in Palestine. Presently, the original ‘Spike’ art piece is in the hands of Vittorio Grigòlo.
Grigòlo, the famous tenor and Valuart co-founder, agreed to auction a digital original version of the Banksy artwork. Hence, it will work as CGI artwork. As an NFT, Spike will float across the universe until it returns to its rightful place on earth. Here, it will emerge as a newly minted non-fungible token (NFTs). Grigòlo shares his excitement,
I’m thrilled to participate in this project and use my voice to create a magical atmosphere for the rebirth of this extraordinary piece of art I discovered more than a decade ago. I cannot wait to share this amazing creation with the public.
Moreover, it is clear that 50% of the auction’s revenue will go to charity. Specifically, it will go towards supporting those suffering from conflicts throughout the world. This initiative accompanying the firm’s first NFT drop is a huge milestone.
Above all, Valuart intends to reimagine some of the most famous artworks ever created. It aims to breathe new life into a classic medium by giving today’s collectors a chance to acquire a piece of history. To continue doing so, the company has onboarded leading artists, institutions, and celebrities.
Accordingly, after certifying the authenticity of a given artwork on the blockchain, Valuart creates a ‘Digital Original’. This is, of course, done in collaboration with the owner of the physical asset. The ‘perfect digital clone’ then proceeds to tell unique stories through market-leading content creation. Therefore, with this, the firm will foster a new standard for the NFT market.