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Banksy’s Love Is In The Air fractionalized into NFTs

Banksy’s Love Is In The Air fractionalized into NFTs

Banksy’s iconic artwork Love is in the Air (2005) was split into 10,000 NFT making up significant numbers this love month.
Love Is In The Air, also called the Flower Launcher or LIITA, initial acted in 2003 as a big molded painted graffiti in Bethlehem. It became an NFT-backed painting. Particle Foundation bought the artwork at a Sotheby’s auction earlier this year for $12.9 million. After that, it decided to split the fragment into 10,000, 100-by-100 parts of fractionalized NFTs. Each one shows a certain part of the painting, such as a piece of land.

The “Love in the Air” (LIITA) series released in late January, and on Monday, Valentine’s Day exceeded $1.5 million in secondary sales. This is more than the $10 million he had previously achieved from the first drop.

Particle Foundation exhibits the physical piece in museums around the world, and preserves ownership forever. However, the fractionalized NFTs, give the new owners an opportunity to own a part of the Foundation, and instead, a part of the Banksy’s piece.
Of the 10,000 Banksy NFTs in the series, less than 2,000 remain. This is not strange, as Banksy is a well-known and unidentified graffiti artist. He creates pieces of work which appear in public places, like on the walls of buildings. His work has his signature anti-authoritarian art, that people can easily recognize. Thus, the mystery, together with the workmanship of his work, is an enjoyable for collectors around the world.

As a motivation to sell out in February, Particle is offering a rare version of “flower” daily of the month. Hence, if you have at least one Banksy NFT and you have not listed it in any secondary market, you are certified.

About Nicolle

She is an Indian Freelance writer. She loves thinking, learning, and writing about all things Web3.

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