Digital Artist Bags $900,000 From Banksy Style NFTs
analysis

Digital Artist Bags $900,000 From Banksy Style NFTs

THELOGICALINDIAN - An NFT artisan is affairs agenda collectibles that resemble the assignment of the worlds best acclaimed artery artisan However signs advance that they could be an amateur

Either Banksy has abutting the NFT bandwagon, or addition is attempting to challenge his work. 

Banksy Style NFTs For Sale 

Someone is affairs a alternation of NFTs that buck a abutting affinity to Banksy. 

They began advertisement artwork beneath the pseudonym “Pest Supply” on the NFT exchange OpenSea yesterday. Banksy runs a not-for-profit aggregation alleged Pest Control, which acts as an official authenticator for his artwork. 

One allotment in the accumulating featured an art canvas with the byword “I can’t accept you morons absolutely buy this NFT shit.”  

Word of the listings anon advance to Twitter, with some speculating whether the artisan was the absolute Banksy or not. 

However, one advertent user with the Twitter name @defibull2 acicular out that an abode associated with Pest Supply’s abode had been affairs added NFTs and Ethereum Name Service tokens on OpenSea.

They begin the addresses application Etherscan. If Banksy was to move on-chain, they argued, it’s adequately absurd that he’d additionally alpha flipping added art and ENS names for a profit. 

https://twitter.com/defibull2/status/1362675498275471362?s=20

The abode they acclimated is currently sitting on 17.8 ETH, but it shows a alternation of affairs for 429.5 ETH to a new address. With ETH crossing $2,000 beforehand today, the absolute is account the agnate of about $900,000. 

Artist Makes Donations 

When suspicions of the artist’s links to Banksy arose, OpenSea removed their listing. 

Pest Supply again started listing their work on Rarible. 

According to the listing, gain from one of the pieces, alleged “Save The Children Red Edition,” will be donated to altruistic aid accumulation Save The Children.

The artist’s Rarible bio additionally appears to appearance a alternation of accepted affairs to Save The Children’s cryptocurrency donation page (the alms accepts donations in ETH, BTC, and added agenda currencies).

Etherscan shows a transaction for 5.8 ETH from Pest Supply’s abode to an abode analogous one of Save The Children’s, according to a screenshot they shared. 

Banksy has been accepted for his abutment of accommodating causes, aftermost year funding a baiter to accomplishment migrants in the Mediterranean. He additionally donated a piece to the NHS. 

Banksy, Street Art Legend

The artery artisan is arguably best accepted for his abusive political appearance commentary, which has been a axial affair to his assignment back the 90s. He started out by painting artery art in Bristol, area he’s anticipation to abide today. 

His different appearance propelled him to all-embracing acclaim and has helped abounding of his pieces back valuations in the millions of dollars. Banksy’s accurate character has never been accepted and charcoal a mystery.

In 2016, a five-month investigation led announcer Craig Williams to achieve that Banksy could be a accumulation of artists led by Robert del Naja, frontman of the Bristolian trip-hop bandage Massive Attack. 

Banksy is additionally acclaimed for his sometimes-shocking stunts. In 2018, he set up one of his pieces to canyon through a shredder aloof afterwards it had awash in an bargain at world-famous Sotheby’s. It went for about $1.4 million.

In 2013, he memorably abiding a New York artery arrest to advertise aboriginal canvasses of his assignment for alone $60 to barrage a month-long address in the city. 

Nonetheless, signs advance that Pest Supply is absurd to be the absolute Banksy. Along with the links to the Save The Children donations, their Rarible bio reads: 

“not here, not there, not everywhere. 

Blocked by decentralized OpenSea as they accept no abstraction who Elaine Sturtevant is and apperceive annihilation about art history.

This is art history in making. 

“Laugh now, but one day no-one will be in charge.””

Elaine Sturtevant was an American artisan who begin all-embracing acclamation for her renditions of added artists’ work, which may be a adumbration that Pest Supply is aiming for a agnate legacy. 

On top of that, neither Banksy’s official website nor Instagram page gives any adumbration that he’s been complex with Pest Supply’s art sale. 

Disclosure: At the time of writing, the columnist of this affection endemic ETH, amid a cardinal of added cryptocurrencies.