Businessman burns a Frida Kahlo artwork to transition it into the Metaverse

The NFTs would grant holders access to exclusive events and luxury experiences like the launch party. Additionally, the entrepreneur reportedly plans to donate a part of proceeds from primary sales to the Children’s Craniofacial Association, the Museo Frida Kahlo, and Palacio de Bellas Artes.

“As an art alchemist transforming physical art into digital gold, he supports the Frida Khalo Museum of Coyoacan in Mexico, the Palace of Fine Arts, in Mexico, and the National School of Plastic Arts in Mexico City,” states Mobarak’s Linkedin profile. 

However, the latest stunt does not look like an art performance or a charity event to Mexico’s National Institute of Fine Arts and Literature. As the deliberate destruction of an artistic monument is considered a crime, the Mexican police are currently investigating the incident. 

The project itself did not receive much attention in terms of artistic value. At the time of writing, just 27 NFTs were minted by eight wallets.