Did Someone Burn A Frida Kahlo Drawing to Mint 10,000 NFTs?

A Frida Kahlo drawing that might have been worth over $10 million was set ablaze to mint 10,000 non-fungible tokens or NFTs by a Mexican businessman in Miami this week. 

There’s a minor catch, though: No one knows for sure if the Kahlo drawing was real or fake, or even if the drawing was actually valued at $10 million or more.

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Perhaps it’s nothing more than a publicity stunt by a man who said he was “going to change the lives of thousands of children.”

The drawing in question – named Fantasmones Siniestros, or Sinister Ghost – was sketched in Kahlo’s diary and burned by Mexican businessman Martin Mobarak, who incinerated the drawing to sell 10,000 NFTs of the drawing, valued at $4,000 apiece (3 ETH). This would effectively mean he converted a $10 million drawing into a $40 million collection of NFTs.