Banksy’s Infamous ‘Spike’ Artwork Becomes an NFT

‘Spike’ is a unique piece of artwork that was created by the enigmatic street artist Banksy in 2005. Today, a “Digital Original” of the physical artwork is going to be auctioned off as a licensed NFT. 50% of the revenue from the auction will be donated to charities to support people suffering from conflicts around the globe. The original piece of artwork, which was created in Palestine during Banksy’s travels in the West Bank, is owned by Vittorio Grigolo. Grigolo is a famous Italian operatic tenor who is also the co-founder of Valuart, the platform on which the NFT will be sold. The famous piece of artwork can be seen floating across the earth before emerging on Earth as an NFT in Valuart’s story, which has been published on YouTube.   Valuart is an up-and-coming ecosystem dedicated to curating artwork and selling it through its auction platform. This will be Valuart’s first-ever auction since the platform was created in March 2021. “We wanted to support the NFT revolution by creating a platform that would represent the safe haven for artists and their art, art collectors and art lovers in general,” Grigolo says when asked about the story behind Valuart. Since the start of the COVID-19 pandemic last year, museums, cinemas, theaters, and art galleries have been hit hard by social distancing. As a result, cultural institutions around the world have been shutting their d...