So far, the stunt has resulted in two NFTs being minted by outside parties, for total proceeds of 7 ETH (~$9,400) — not quite the millions the drawing allegedly cost the NFT project creator. Meanwhile, Mexican authorities have said they are investigating whether the businessman committed a crime in intentionally damaging an artistic monument.
Someone claims to have burned a Frida Kahlo drawing to "transition it into the Metaverse" as NFTs
A businessman has published a video in which he burns a drawing that he claims is an original Frida Kahlo drawing worth more than $10 million — though its value and its authenticity have both been questioned. The entrepreneur created 10,000 NFTs from the drawing, which he's selling for 3 ETH (~$4,000) (reduced from the original 3.5 ETH/$4,700) for a hoped total of $40 million. He claims that in burning the artwork, he has "transitioned [it] into the Metaverse".