Share this article
Burnt Banksy NFT Sells for $380K in ETH
A Banksy piece bought by a group of crypto-savvy artists, burned in a park and memorialized as an NFT has sold for 228.69 ETH.
By Zack Seward
Updated May 9, 2023, 3:16 a.m. Published Mar 7, 2021, 7:48 p.m.
Make us preferred on Google
An original Banksy artwork burned by a group of crypto-savvy artists has sold for 228.69 ETH, or roughly $380,000 at purchase.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The group behind the statement on non-fungible tokens (NFTs) accepted the offer Sunday afternoon Eastern time. The OpenSea sale comes just days after the group physically burned the artwork in a Brooklyn park. An unnamed source told CoinDesk earlier this week that the artists bought the piece for roughly $100,000.
Read more: Banksy Work Physically Burned and Digitized as NFT in Art-World First
Injective Protocol is the firm behind the Banksy buy. Spokesman Mirza Uddin said the group is still deciding on which charity will receive the proceeds from the NFT sale, though he did say it will be COVID-focused.
"We're already planning our next event in collaboration with a prominent artist," Uddin told CoinDesk. "Our aim is to bridge the world of traditional art with the world of NFTs. So, we'll definitely be doing more to uphold this ethos."
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
R3 bets on Solana to bring institutional yield onchain
As DeFi investors seek stable, uncorrelated returns, R3 is building Solana-native structures to bring private credit and trade finance into crypto markets.
What to know:
- R3 has repositioned itself around tokenization and onchain capital markets, with Solana as its strategic base.
- The firm is targeting high-yield, institutional assets like private credit and trade finance, packaged in DeFi-native structures.
- Liquidity, not tokenization itself, is the next unlock for real-world assets onchain, according to R3 co-founder Todd MacDonald.
Top Stories
