British superstar artist Damien Hirst starts testing $ 20 million NFT

British superstar artist Damien Hirst continues delving into the field of non-fungible tokens (NFT) and is beginning a $ 20 million NFT experiment by creating a collection of 10,000 companion art pieces using digital art. Ultimately, however, its owners must decide whether to keep the physical or digital work in their possession and have the remaining work destroyed.

British superstar artist Damien Hirst is experimenting with $ 20 million NFT

10,000 unique works of art with colorful dot series, unique titles, and a price of $ 2,000 each. They are the same size, made from the same materials, and are part of The Currency Project, which started yesterday – Wednesday, 7/14. started.

Meanwhile, according to the press release, buyers have a year (through July 27, 2022) to decide whether to keep the NFT or trade it for a physical equivalent. It’s up to the decision and there will only be one version.

Hirst notes that this project challenges the concept of value through money and art because it forces people to grapple with their perception of value and how it affects their decisions.

Joe Hage, Hirst’s consultant and collaborator and founder of the art services company Heni, told Bloomberg: “One of the problems with the art market is that it is not easy to determine the price for Picasso in the past year. Green period. Hirst’s goal is to To create art that can be traded freely enough in a relatively relaxed environment and has a value that you actually know. “

Potential customers can buy them using bank cards and various assets including Bitcoin (BTC), Ethereum (ETH), USD coin (USDC), and Dai (DAI).

In the coming week and towards the end of July, buyers can register to buy a piece from the currency chain and will of course receive an NFT of their work of art.

Hirst’s latest project builds on the success of its previous similar initiative. Last March, Hirst launched its paper works published on the HENI Leviathan platform and achieved $ 22.4 million with the sale of 7,481 prints, which is currently the most successful print discount of the year.

Over the years, Hirst, 56, has risen to become the UK’s richest artist, earning him a spot on the Sunday Times annual Rich List for 2020 with a net worth of $ 384 million.

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