Matt Gondek latest artist to burn his work through NFTs
First announced in early August, Matt Gondek shared the launch of his latest project Fight Club. The collection consists of 280 uniquely designed NFT baseball bats inspired by the artist’s love of deconstruction, bright colors and punk rock themes often found in his work.
Each bat is unique, and what makes the experience even more unique is that owners must burn NFTs to receive the physical work. Alternatively, holders may decide to keep the NFT, in which case they will receive a physical printout – but the physical representation will then be destroyed.
My new Spiked Baseball Bat project – Fight Club
Pre-auction exclusively opens it @MakersPlace at 6:30 PM ET Thursday 8/18
IRL Opening party at @TaglialatellaNYC at 6:00 PM ET Thursday 8/18.
For more information on both, visit pic.twitter.com/ieEpyreOy1
— Matt Gondek (@Mattgondek) 17 August 2022
The concept of artists presenting a burning mechanism to their collectors is growing in popularity in the Web3 space. One of the first and most notable to use the process was Damien Hirst, whose project The Currency saw nearly 5,000 physical artworks burned, in what was a nearly 50% split decision by collectors.
Another recent project to incorporate the burn factor is LCD labs latest offering, Radar Rats. The collection is inspired by Banksy’s work and should holders of the upcoming NFT decide to burn their token, they will in return receive an authenticated Walled Off Hotel Banksy Box Set work. With LCD’s fall, the redemption period is not limited, meaning holders can redeem when they choose and the physical Banksy work is unlikely to be destroyed.
However, in the case of Gondek, the final number of physical bats will be determined by how many holders choose to redeem their NFTs or not. As of now, the first 5 bats in the collection have been auctioned off, with sales ranging from $3,400 to $6,600. These pre-sale auction bats were the only opportunity for collectors to maintain both the physical work, prints and NFTs.
One of the only bats recorded to be sold for Ethereum was “Arcade”, sold to NFT collector Monstero for 2.57 ETH (just over $4000). After the sale, the collector tastefully worked it into his Azuki NFT pfp on Twitter.
Appreciates you
— Matt Gondek (@Mattgondek) 20 August 2022
@AzukiOfficial x @Mattgondek ??⛩️ pic.twitter.com/Las78IkM0P
— Monstero? (@monstrecrypto) 21 August 2022
The artist’s exhibit at Taglialatella NYC is open through Saturday, August 26, with presale registration for the NFTs opening now at MakersPlace. Fight Club will launch on September 8th, and will be sold at a fixed price of $1,500 USD or ETH equivalent.
Thanks to everyone who came to the opening of Fight Club last night at @Taglialatella in NYC
The exhibit is open until August 26, Monday through Saturday, 10:00 AM – 6:00 PM ET and by appointment
229 Tenth Avenue, New York, New York 10011 pic.twitter.com/dyoFNIqteF
— Matt Gondek (@Mattgondek) 19 August 2022
Although his latest, this is not the artist’s first foray into NFTs, prior to this collection Gondek has produced works on platforms such as VeVe, LGND, MakersPlace and Nifty Gateway – with a number of these works eligible for Fight Club’s whitelist access.
In other news, Nike is currently the highest earning NFT brand in the Metaverse.
For more news on blockchain, cryptocurrency, NFTs and Web3, visit Hypemoon.com.
