Shl0ms, with the help of an explosives expert, blew up a Lamborghini worth just shy of $250,000. They are now turning the charred parts into a collection of 999 NFTs – to protest crypto’s get-rich-quick culture.
Despite their ostensible “crypto believer” protest against investor mindsets, the artist seems to have done the math.
Keeping in mind that Shl0ms is a recognisable NFT artist, their work is likely to command between 0.5-1 Ether for each NFT item.
The upcoming $CAR collection sale consists of 888 items. At current exchange prices, that would mean mopping up between $1.12-2.24 million in total. So even if the artist had spent a million dollars upon the Lamborghini project in total, their profit is a minimum of 12% well above bank interest rates.