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NFTs News

Damien Hirst Chooses NFT, Will Burn All 1,000 Of His Physical ‘Currency’ Artworks

July 29, 2022 - Around 2 mins mins to read
Damien Hirst’s NFT project, Currency, is made up of 10,000 unique pieces of art made up of blobs of color on an A4 sheet of paper. The artwork is signed, numbered, and includes a holographic watermark similar to a bill to prevent tampering.
Damien Hirst chooses NFT, Will Burn All 1,000 Of His Physical 'Currency' Artworks
Damien Hirst

In an exciting spin, Hirst decided that owners would have the choice of keeping the NFT or exchanging it for the physical version; No one can keep both. Hirst said:

“Yes, I’m forcing people to make a choice. But the purchaser always has a choice. It’s not just ‘Where’s the value?’ It’s also ‘Where’s the joy?”

Hirst revealed in a Tweet on Wednesday that “the final numbers are 5,149 physical and 4,851 NFTs,” meaning that 4,851 signed physical artworks by Damien Hirst will now be burned and lost forever.

Damien Hirst had a decision to make on his collection of 1,000 Currency pieces. He stated:

“In the beginning I had thought I would definitely choose all physical… Then I thought half- half and then I felt I had to keep all my 1,000 as NFTs.”

Seemingly optimistic about the future of NFT and digital artwork, Hirst continued,

“I believe in art and art in all its forms but in the end I thought fuck it! this zone is so fucking exciting and the one I know least about and I love this NFT community it blows my mind.”

The artist praised the NFT community, comparing it to the “bollox” he’s seen in the physical art world over the years.

The community response on Twitter has been overwhelmingly positive, with collectors demanding incineration as an NFT and declaring it “the most legitimate innovative integration of traders and cryptocurrency.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

# Cryptocurrencies

Currency artworks

Damien Hirst

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
NFTs News

Damien Hirst Chooses NFT, Will Burn All 1,000 Of His Physical ‘Currency’ Artworks

Damien Hirst’s NFT project, Currency, is made up of 10,000 unique pieces of art made up of blobs of color on an A4 sheet of paper. The artwork is signed, numbered, and includes a holographic watermark similar to a bill to prevent tampering.
Damien Hirst chooses NFT, Will Burn All 1,000 Of His Physical 'Currency' Artworks
Damien Hirst

In an exciting spin, Hirst decided that owners would have the choice of keeping the NFT or exchanging it for the physical version; No one can keep both. Hirst said:

“Yes, I’m forcing people to make a choice. But the purchaser always has a choice. It’s not just ‘Where’s the value?’ It’s also ‘Where’s the joy?”

Hirst revealed in a Tweet on Wednesday that “the final numbers are 5,149 physical and 4,851 NFTs,” meaning that 4,851 signed physical artworks by Damien Hirst will now be burned and lost forever.

Damien Hirst had a decision to make on his collection of 1,000 Currency pieces. He stated:

“In the beginning I had thought I would definitely choose all physical… Then I thought half- half and then I felt I had to keep all my 1,000 as NFTs.”

Seemingly optimistic about the future of NFT and digital artwork, Hirst continued,

“I believe in art and art in all its forms but in the end I thought fuck it! this zone is so fucking exciting and the one I know least about and I love this NFT community it blows my mind.”

The artist praised the NFT community, comparing it to the “bollox” he’s seen in the physical art world over the years.

The community response on Twitter has been overwhelmingly positive, with collectors demanding incineration as an NFT and declaring it “the most legitimate innovative integration of traders and cryptocurrency.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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