His company, Frida. NFT created 10,000 NFTs from the piece out of which only 4 have been sold on the marketplace. The digital collectible was priced at $11,500 instead of the prior set price of $10M.
However, a lot of people speculate that the rare artwork might not be original because it was sold to an unknown collector. For collectors, it might be a fraud at the expense of investing in digital assets.
If the artwork is original, Mobarak will face serious legal action from the government. “The deliberate destruction of an artistic monument constitutes a crime in terms of the federal law..”