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Gloss Creates a Controversial Banksy NFT Which Also Gives Buyer a 5% Equity Share in the Original Work Valued at Over $3,000,000

Tuesday, 07 December 2021 01:00 AM

LOS ANGELES, CA / ACCESSWIRE / December 7, 2021 / Gloss (www.instagram.com/gloss), one of the largest arts and media companies in the world, has just created a 1/1 non-fungible token (NFT) titled ‘Banksy Warning Sign'.

This NFT is a re-elaboration and digitization of one of Banksy's most critically important and politically charged artworks titled ‘Warning Sign' which commemorates September 11.

Unlike other NFTs which have no physical presence, the 1/1 Banksy Warning Sign NFT is also forever linked to the original artwork - as the holder of the NFT will also own a 5% equity stake in the original piece.

Gloss, Tuesday, December 7, 2021, Press release picture

The original artwork is valued at between $2 million and $3 million and comes with a certificate of authenticity from Banksy's authentication arm, Pest Control. This means that the holder of the 1/1 Banksy Warning Sign NFT will also hold substantial utility in the original artwork when it is next sold.

"Given that Warning Sign is one of Banksy's most critically important and politically charged works of art, we wanted to create a whole new level of access and democratization to the artwork so that other people could also enjoy it," said a spokesperson for Gloss. "We want everyone to be able to participate - whether they have traditional art knowledge or crypto knowledge - so they can experience art and NFTs in a brand-new way."

Gloss, Tuesday, December 7, 2021, Press release picture

Gloss will also be donating a percentage of the proceeds from the sale of the Banksy NFT to the Fire Department New York Foundation. This organization represents and supports the New York firefighters who were the first responders on 9/11.

The Banksy Warning Sign NFT is currently being auctioned on OpenSea and will end at 4 pm ET (NYC time) on Sunday, December 12th.

For more information and to bid on this once-in-a-lifetime NFT, please go to

www.glossNFTs.com/BanksyWarningSign

Media Details
Website URL: AscendAgency.com
Company Name: Ascend Agency
Email address: [email protected]
Country: USA

SOURCE: Gloss

Topic:
Company Update
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