Toronto, Ontario — If you’re a fan of supercars and still not positive on what an NFT actually is, prepare for a one-two of confusion as it turns out that the act of blowing up a Lamborghini could actually be made more expensive.
As part of their latest project, entitled “$CAR”, “NFT performance artist” Shl0ms took a pre-owned Huracan out to an undisclosed location in an American desert, strapped it in explosives and detonated it in 4K.
A total of 999 NFTs were created from high-resolution videos of the individual parts, post-detonation, with 888 to be auctioned off to the public. As of Thursday, Shl0ms decided to postpone the auction in light of the Russian invasion of Ukraine.
“This project is meaningful and optimistic for a lot of people; in some sense, the message that there are more important problems we need to solve is incredibly timely,” they wrote over Twitter.
“That said, terrible things are happening and tomorrow is not the right time for an auction.”
When the auction is eventually held, bidding will start at 0.01 ETH, which is about $34 per token.