Crypto Entrepreneur Eats $6.2 Million Banana Artwork, Links It to NFTs
Justin Sun consumed Maurizio Cattelan's conceptual art piece 'Comedian' at a press event, tying its symbolism to cryptocurrency and NFTs while also making a controversial $18 million payment to Donald Trump.
- Justin Sun, a cryptocurrency entrepreneur, ate Maurizio Cattelan's $6.2 million duct-taped banana artwork, 'Comedian,' during a press event in Hong Kong, claiming it added to the artwork’s history.
- The banana, originally purchased for 25 cents from a New York street vendor, was auctioned at Sotheby’s as a conceptual art piece that critiques the nature of value in art.
- Sun compared the banana artwork to NFTs, emphasizing its intangible value and intellectual property parallels during the event.
- Sun also made a $30 million purchase of crypto tokens from a Trump-backed venture, resulting in an $18 million profit for Donald Trump and securing Sun an advisory role in the company.
- Sun is currently facing SEC charges for alleged fraud and market manipulation, raising concerns about his financial dealings with the incoming U.S. president.