Valuart Launches Auction of NFT Derived From Banksy’s ‘Spike’

Valuart is launching an auction for an NFT inspired by Banksy.

Valuart Auctions ‘Spike’ NFT

Valuart, a startup that mints licensed NFTs derived from original artworks, has launched its first drop. The auction for ‘Spike,’ a digital artwork based on the iconic Banksy installation that first surfaced in Palestine, commenced on July 22. 50% of the proceeds raised from the sale will go to charity.

Created by infamous street artist Banksy, ‘Spike’ is now in the possession of Vittorio Grigòlo. The world-famous tenor and Valuart co-founder is auctioning a digital interpretation of the Bansky work, reimagined as a CGI artwork. In the NFT version, Spike is seen floating across the universe until it is eventually returned to its rightful place on earth, to emerge as a newly minted non-fungible token. Vittorio Grigòlo said of the release:

“After months of hard work, we can finally share our creation with the world. I’m convinced that Valuart’s model represents the future of how we perceive, admire and give value to art and artists. This first drop is a stepping stone that will pave the way towards a very exciting future for artists and their art, as well as art collectors and art lovers.”

Following the Spike drop, Valuart plans to launch digital originals (1:1 digital clones) of some of the world’s most iconic licensed artworks. This will include ‘Mantum and the Stole’ scheduled for Oct. 22. This unique artwork by Stefano Zanella was first worn on Dec. 24, 1999 by Pope John Paul II to mark the opening of the Holy Door of the Vatican Basilica.



Valuart is intent on digitizing some of the most famous artworks ever created, breathing new life into a classic medium and giving NFT collectors a chance to acquire a piece of creative history. The company has onboarded leading artists, institutions, and celebrities for this purpose.

After certifying the authenticity of a given artwork on the blockchain in collaboration with the owner of the physical asset, Valuart creates a Digital Original (a perfect digital “clone”) and contextualizes it into unique stories through market-leading content creation. In doing so, it aims to foster a new standard for the NFT art market. Vittorio Grigòlo said:

“I’m thrilled to participate in this project and use my voice to create a magical atmosphere for the rebirth of this extraordinary piece of art I discovered more than a decade ago. I cannot wait to share this amazing creation with the public.”

50% of the revenues deriving from the auction of the ‘Spike’ NFT drop will be dedicated to supporting those suffering from conflicts throughout the world.


Valuart was founded by crypto enthusiasts Etan Genini, Vittorio Grigòlo, and Michele Fiscalini with the goal of helping artists realize the true value of their work. Valuart connects art collectors with creators, unlocking new opportunities for monetization through the medium of NFTs. By tokenizing classic artworks, Valuart is bringing the art world into the 21st century.

Learn more at the Valuart website.

For more information, contact Etan Genini ([email protected]).

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article