Banksy's 'Love Is in the Air' Set To Be Sold as 10,000 Separate NFTs

Each segmented NFT now represents a unique sections of the famed painting.

NFT
40,245 Hypes 7 Comments

Banksy‘s iconic Love is in the Air painting has been divided into 10,000 NFTs. Particle, a non-fungible tokens platform co-founded by former Christie’s post-war and contemporary art chairman Loïc Gouzer recently announced that the painting is the first piece they will fractionalize and auction.

Particle purchased the painting at a Sotheby’s auction earlier this year for $12.9 million USD and is set to be segmented off into 10,000, 100-by-100 sections. Each of the pieces will be a unique section of the painting. The initial sale for Love is in the Air will begin on January 10 and will run to January 14. Collectors can purchase a sector of digital art on Particle for approximately $1,500 USD each. After that, Particles is set to enter into secondary markets across other NFT platforms where prices are expected to increase due to the value of the pieces. Buyers will not be able to choose their particles as each will be allocated randomly.

In a recent statement, Gouzer said, “Banksy has turned the art world on its head. Widely regarded as one of the most iconic creators of the 21st century—his daring, humanitarian nature and a strong belief that art should be for everyone reflects the mission at Particle, making this masterpiece symbolic to launch the platform with.”

After the auction of Love is in the Air, Particle Foundation, which is a non-profit organization, will be receiving the actual artwork and 1% of the particles so that it could be a “protective shard and ensure no one person can envision claiming possession of the physical painting.” The foundation assures that they will never sell the physical piece as, “The whole point of this project is to build the greatest collection in the world, owned digitally by the community, and preserved physically by the foundation.”

In other art news, Seattle is now set to open an NFT museum.

Read Full Article

What to Read Next

The OG Nike Air Flight Huarache Is Set to Return in 2023
Footwear

The OG Nike Air Flight Huarache Is Set to Return in 2023

You’ll be able to get your “Fab Five” on next spring.

The Nike Air Max 97 "Gold Bullet" is Set to Re-Release
Footwear

The Nike Air Max 97 "Gold Bullet" is Set to Re-Release

Last seen back in 2018.

The Nike Air Zoom Flight 95 Is Set to Release With Multi-Colored Pods
Footwear

The Nike Air Zoom Flight 95 Is Set to Release With Multi-Colored Pods

Showing the bug eyes some love.


Post Malone Is Offering $100,000 USD to Someone Who Can Beat Him in 'Magic: The Gathering'
Gaming

Post Malone Is Offering $100,000 USD to Someone Who Can Beat Him in 'Magic: The Gathering'

The reward will be given in cash.

'The Matrix Resurrections' Launches Unreal Engine 5 Interactive Tie-In Ahead of Film Release
Gaming

'The Matrix Resurrections' Launches Unreal Engine 5 Interactive Tie-In Ahead of Film Release

“How do we know what is real?”

Travis Scott Reportedly Files to Have All 'Astroworld' Civil Lawsuits Dismissed
Music

Travis Scott Reportedly Files to Have All 'Astroworld' Civil Lawsuits Dismissed

After hiring high-powered attorney Daniel Petrocelli.

Elon Musk Unveils Concept Images of SpaceX's Mars-Bound Starship
Tech

Elon Musk Unveils Concept Images of SpaceX's Mars-Bound Starship

Shortly after saying the company is at “risk of bankruptcy.”

Cherry Los Angeles Announces its "Cherry Motors" Holiday 2021 Raffle
Automotive

Cherry Los Angeles Announces its "Cherry Motors" Holiday 2021 Raffle

A chance to own a 1/1 “Cherry” 1965 Chevrolet C10 Pickup Truck.

Set Design for Kanye's 'Free Larry Hoover' Concert With Drake Surface
Music

Set Design for Kanye's 'Free Larry Hoover' Concert With Drake Surface

Aerial footage of the construction underway.


'Wonder Woman' Gal Gadot Joins 'The Falcon and the Winter Soldier' Director In 'Cleopatra'
Entertainment

'Wonder Woman' Gal Gadot Joins 'The Falcon and the Winter Soldier' Director In 'Cleopatra'

Patty Jenkins was originally set to direct.

Fucking Awesome Delivers Psychedelic Styling With its Acid Hairy Cardigan
Fashion

Fucking Awesome Delivers Psychedelic Styling With its Acid Hairy Cardigan

Just in time for the holidays.

The Air Jordan 3 Retro "Fire Red" is Rumored to Return in 2022
Footwear

The Air Jordan 3 Retro "Fire Red" is Rumored to Return in 2022

Last retro’ed back in 2013.

Chanel is Facing Backlash for $825 USD Advent Calendar Containing Stickers and Dust Bags
Fashion

Chanel is Facing Backlash for $825 USD Advent Calendar Containing Stickers and Dust Bags

The disappointment is real.

NYC Bagel Shops Are Facing a Cream Cheese Shortage
Food & Beverage

NYC Bagel Shops Are Facing a Cream Cheese Shortage

Probably due to the supply chain.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.