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  • Writer's pictureDavid Baker

Banksy On Fire ... Just Not Literally

Luckily, there are always new developments in the IP world to keep us distracted.

Whether it was street artist Banksy’s recent social commentary/graffiti caper on the walls of (former) Reading Prison in the U.K. or the sale of one of his pieces, Morons, by Injective Protocol, a cryptocurrency company, which then burned it (yes, burned it into nonexistence) while broadcasting live through a Twitter account @BurntBanksy. However, before going up in flames, Injective Protocol had digitized Morons into a non-fungible token (or NFT) so that the digital version could still be sold for a pretty penny.

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