An artist named Shl0ms, with the help of an explosives expert, blew up a Lamborghini worth around $250,000 earlier this month.
To oppose crypto's get-rich-quick culture, they're now turning the burnt components into a collection of 999 non-fungible tokens (NFTs).
"This technology is tremendously promising; there are so many amazing things we could do with it, but there are also so many bad things being done with it," Shl0ms says via video chat to The Block. "It's all about extractive, zero-sum thinking."
"The Lambo is a really potent illustration of individuals simply engaging with crypto because it's a means for them to earn money off other people as rapidly as possible," the pseudo-anonymous artist explained.
Who is the person behind the screen name Shl0ms?
Shl0ms volunteered to be interviewed via video call using a live filter that transforms their face into a pixelated Matrix-like representation of a green picture on a blue background that is continually shifting and updating.
Furthermore, the user stated that they had previously experimented with this concept in a previous piece of artwork, which was an NFT of a fractal in which the real data file comprised folders within folders that duplicated the same fractal.
And it was this kind of investigation into the physical-digital interface that led them to blow up a real thing and turn its shards into NFTs.
Shl0ms built a comparable thing before shattering it to bits, taking inspiration from artist Marcel Duchamp's artwork of a urinal with a signature scrawled on it.
Shl0ms he notes,
In traditional art, the destruction as creation subject is rather common.
In September 2021 Shl0ms proposed blowing up a Lamborghini
Shl0ms proposed blowing up a Lamborghini or, as they put it, "physically fractionalizing" it, a reference to fractionalizing NFTs by turning it into several tokens.
"I also want to be clear that I despise lambos, which is why I want to destroy one," Shl0ms wrote at the time on Twitter, adding, "In fact, the DAO will only admit people who despise lambos, which will be our unifying ethos."
The team had spent the previous two weeks practicing the explosions, which included blowing up another car.