![]() Mobarak bought the artwork in 2015 from the Mary Anne Martin Gallery in New York, and it is the only piece removed from the diary, which is now at the Frida Kahlo Museum in Coyoacán. His Frida NFTs are now the only legitimate copies of the illustration “Fantasmones Siniestros,” which was taken from Frida’s diary. To sum up this ridiculous tale of modern technological advancement, Mobarak willingly burned his very own Frida Kahlo illustration, estimated at over $10 million, just so he could launch it as an NFT. Martin Mobarak claims to be one of them, and he’s saying it because he needs other 10,000 people to believe it as well, so they can buy his brand new Frida NFTs. ![]() Despite this and despite warnings that both are nothing short of elaborate, modern-day pyramid scams, people still believe in this digital future previewed by NFTs and cryptocurrency. Both the crypto and the NFT markets have taken a dive in recent months, but the bubble is yet to burst. NFTs are non-fungible tokens, unique pieces on the blockchain that can be tied down to a physical asset or not, and traded for real money or cryptocurrency, but usually the latter. One man, the Miami-based entrepreneur mentioned above, actually destroyed a piece of art by Frida Kahlo to launch a limited collection of NFTs. ![]() If this is a sign of the digital future, many would probably choose to sit it out. ![]() This is perhaps one of the most ridiculous NFT-related stories in a long time, and that includes the art project that saw a functional Lamborghini Huracan blown up so pieces of the wreckage could be turned into NFTs. ![]()
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