LONDON: A well-known but unknown artist in the UK modified a traffic sign in 2006 which is now being sold as an NFT under digital rights and five per cent of it will be given to the original creator.
This artist, street artist and film director is known by the name of Banksy whose real name no one knows and very few people have seen him. Both boards are owned by advertising company Gloss and will revolutionize the digital world and NFT.
But how can a meme, a Photoshop photo or a viral video become an FFT? This has been criticized by some, but according to the Gloss Company, just as a person owns a real rarity, a masterpiece or a photo, so too can the digital rights to any photo or video be sold and bought. This process is called a non-fungible token or NFT.
According to Gloss, anyone can take part in it, whether they have conventional knowledge or object or have corrupt information. NFT is a new way of expressing and buying and selling art.
Banksy added the plane to the parallel lines of Diving Road, which marks the terrorist attack on the New York World Trade Center at 9/11. Banksy changed the whole situation by making a plane with a pencil on this board.
Banksy also added flying doves to the exact same traffic board, a symbol of peace. The bulk of this FT’s sales will be earmarked for the families of the firefighters who died in the 9/11 attacks.