June 22, 2021

Digital Artist Bags $900,000 From Banksy Style NFTs

4 min read

Either Banksy has signed up with the NFT bandwagon, or somebody is attempting to imitate his work.

Banksy Style NFTs For Sale

Someone is offering a series of NFTs that bear a close similarity to Banksy.

They started noting art work under the pseudonym “& ldquo; Pest Supply & rdquo; on the NFT marketplace OpenSea the other day. Banksy runs a not-for-profit business called Pest Control, which serves as a main authenticator for his artwork.

One piece in the collection featured an art canvas with the phrase “& ldquo; I can’t believe you morons in fact purchase this NFT shit.”

& rdquo; Source: Rarible Word of the listings soon spread to Twitter, with

some speculating whether the artist was the genuine Banksy or not. However, one sharp-eyed user with the Twitter name @defibull2 pointed out that an address related to Pest Supply’s address had actually been offering other NFTs and Ethereum Name Service tokens on OpenSea.

They found the addresses utilizing Etherscan. If Banksy was to move on-chain, they argued, it’s relatively unlikely that he ‘d likewise start flipping other art and ENS names for a profit.

The address they utilized is presently sitting on 17.8 ETH, but it shows a series of transactions for 429.5 ETH to a new address. With ETH crossing $2,000 earlier today, the total is worth the equivalent of around $900,000.

Artist Makes Donations

When suspicions of the artist’s links to Banksy developed, OpenSea removed their listing.

Bug Supply then started listing their deal with Rarible.

According to the listing, proceeds from among the pieces, called “& ldquo; Save The Children Red Edition,” & rdquo; will be donated to humanitarian aid group Save The Children.

The artist’s Rarible bio also appears to show a series of confirmed transactions to Save The Children’s cryptocurrency contribution page (the charity accepts donations in ETH, BTC, and other digital currencies).

Etherscan shows a deal for 5.8 ETH from Pest Supply’s address to an address matching among Save The Children’s, according to a screenshot they shared.

Banksy has been known for his assistance of charitable causes, last year financing a boat to rescue migrants in the Mediterranean. He likewise donated a piece to the NHS.

Banksy, Street Art Legend

Banksy, Street Art Legend
Shutterstock image by Jeremy Reddington The street artist is perhaps best understood for his satirical political style commentary, which has actually been a main theme to his work because the 90s. He began by painting street art in Bristol, where he’s believed to live today.

His special style moved him to international popularity and has helped a lot of his pieces bring evaluations in the countless dollars. Banksy’s real identity has actually never ever been verified and stays a secret.

In 2016, a five-month investigation led journalist Craig Williams to conclude that Banksy might be a group of artists led by Robert del Naja, frontman of the Bristolian trip-hop band Massive Attack.

Banksy is also renowned for his sometimes-shocking stunts. In 2018, he set up one of his pieces to pass through a shredder simply after it had actually offered in an auction at world-famous Sotheby’s. It went for around $1.4 million.

In 2013, he memorably set up a New York street stall to offer original canvasses of his work for just $60 to launch a month-long residency in the city.

Nevertheless, signs suggest that Pest Supply is not likely to be the real Banksy. Along with the links to the Save The Children donations, their Rarible bio reads:

“& ldquo; not here, not there, not all over.

Blocked by decentralized OpenSea as they have no concept who Elaine Sturtevant is and know nothing about art history.

This is art history in making.

“& ldquo; Laugh now, but one day no-one will be in charge.””

& rdquo; & rdquo; Elaine Sturtevant was an American artist who discovered worldwide praise for her renditions of other artists’ work, which might be a hint that Pest Supply is aiming for a similar tradition.

On top of that, neither Banksy’s official website nor Instagram page provides any indicator that he’s been included with Pest Supply’s art sale.

Disclosure: At the time of composing, the author of this function owned ETH, amongst a number of other cryptocurrencies.