KLF

Definition:

Without them or anybody else knowing it at the time, they were the grandfathers of NFT culture. A UK acid house band from early 1990’s, best known for their greatest hit “Last Train To Trance Central”, as well as for their wild, offbeat and controversial behaviour. KLF once burned GBP 1 million (around 5000 bajillions in inflation adjusted pounds today) as an artistic statement. Yes, they literally burned a million pounds. In a fire. Back when that was a lot of money. Had NFTs been around then, they may have minted one to represent the burned money. Alas, they just looked into the ashes and went home. Eat your heart out Burned Banksy

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