I'm not sure it's an interesting kind of performance art. Pure waste is like the stereotypical form of a potlatch. That's not expressive of any new idea. The concept was fresh in mid-century Paris (https://monoskop.org/Potlatch) but they didn't do it.
In that case the transferred ownership is considered part of the work. Without the "paperwork" the performance wouldn't have had the same appeal to the artist.
"Legitimacy" is one word for what it takes to successfully issue an NFT for an item. "Authority" is another. If NFTs were integrated into the system of physical property, we would surely be talking about which parties had authority to issue NFTs of which assets.
The NFT business is more like this: http://www.yvesklein.com/en/oeuvres/view/6/immaterial/640/tr...
In that case the transferred ownership is considered part of the work. Without the "paperwork" the performance wouldn't have had the same appeal to the artist.
"Legitimacy" is one word for what it takes to successfully issue an NFT for an item. "Authority" is another. If NFTs were integrated into the system of physical property, we would surely be talking about which parties had authority to issue NFTs of which assets.