Banksy Masterpiece Purchased: First Fractionalized NFT Drop on Avalanche
Particle Collection has revealed the iconic 2005 work from Banksy, ‘Love is in The Air’ as the first addition to their collection. The purchase was made for $12.9 million at auction at Sotheby’s in May, “Love is in the Air” has been described as a “quintessential Banksy painting: instantly recognizable”
Primary Sale of Particle NFTs of Banksy’s “Love is in the Air” Kicks Off the Week of January 10–14, 2022
‘Love is in The Air’ will be the first art piece “fractionalized” by the project. The piece will be divided into 10,000 particles that will be purchasable as NFTs on the Avalanche Network.
Particle is expected to unveil and exhibit the physical artwork at “First Fridays” at the Institute of Contemporary Art, in Miami during Art Basel this coming Friday, December 3rd.
The unique Particalization process involves dividing a painting into a 100×100 grid, resulting in 10,000 unique Particles, which are then turned into NFTs. Each Particle is unique and allows the holder to enjoy a personal ownership experience with the artwork – Particle