Damien Hirst to Release First Set Of 10,000 Hand-Painted Works as NFTsWith the option to trade in the NFT for an original artwork.
Dubbed “The Currency,” the drop consists of 10,000 hand-painted works of art, each with a corresponding NFT that you can apply for the chance to purchase. Successful applicants will be notified next week if they’d like to purchase an NFT, which will cost $2,000 USD each. The platform accepts payments via credit or debit card, as well as some forms of cryptocurrency, such as bitcoin, ethereum, USD coin and dai. Each of the 10,000 pieces is signed on the back with a unique title given by the artist.
Collectors will receive their NFTs on July 29, with the option to trade them in for a physical artwork two months after the NFTs are allocated. They will have until July 27, 2022, or exactly one year after, to make that decision. If exchanges are made, the original NFT will be destroyed.
Earlier this year, Hirst openly welcomed the inclusion of crypto as a form of payment for his cherry blossom prints, titled, The Virtues. The latest venture is Hirst reiterating his support for blockchain assets and reflecting on the concept of currency.
“I’ve never really understood money…they’re all ethereal,” he states in a video describing the NFT. For those who are hesitant about purchasing, perhaps due to the emissions necessary to power crypto, HENI is working with Palm — a new NFT ecosystem that is more energy efficient than its competitors.
Take a look at Hirst’s video explaining his NFT series below.
In other crypto news, Muse frontman Matt Bellamy is auctioning off three unreleased tracks as NFTs.