A conceptual artist under the alias Shl0ms has exploded a used Lamborghini Huracan worth under $250,000 to make 999 shots in the form of non-fungible tokens (NFTs).
According to an official website, the so-called Car project will auction 888 exquisitely filmed fragments of a detonated Lamborghini Huracan in the form of NFTs. The remaining 111 tokens will be distributed among the team.
In an interview with The Block, Shl0ms said that an auction is a form of protest against the incorrect use of "incredibly promising" NFT technology.
...there are so many good things we could do with it but there are so many terrible things being done with it. It’s really extractive, zero-sum practices.
Users could place bids with wETH, a tokenized version of ETH. The auction is set on February 25 at car.shl0ms.com. Shl0ms added the team plans to use the proceeds to build a DAO without financial goals.