Damien Hirst chooses NFTs, will burn all 1,000 of his physical ‘Currency’ art pieces

Damien Hirst’s NFT project, Currency, consists of 10,000 unique artworks made up of colored spots on A4 paper. The artwork is signed and numbered and contains a holographic watermark that resembles a banknote to prevent counterfeiting.

With an exciting spin, Hurst decided that the owner could choose to keep the NFT or replace it with a physical version. No one can maintain both.Hurst said Financial Times,

“Yes, I force people to make choices, but buyers always have choices. It’s not just” where is the value? ” It also says, “Where is the joy?”

In a tweet on Wednesday night, Hurst revealed that “the final number is 5,149 physical and 4,851 NFTs.” That is, the physical work of art signed by Damien Hirst of 4,851 is now burned and disappears forever.

currency

The boom is over this year It was fast! And we all had to decide: NFT or physical? The final numbers are: 5,149 physical and 4,851 NFTs (that is, you need to burn 4,851 corresponding physical bids). pic.twitter.com/xCUJ0gviZ0

Damien Hirst (@hirst_official) July 27, 2022

Hurst has decided to create a collection of works in 1,000 currencies. “At first I thought I would definitely choose all the physical ones … then I thought about half and then felt that I needed to keep all 1,000 as NFTs,” he said. I did. He relayed the struggle he faced as he moved to the NFT space.

He continued that he looked bullish about the future of NFTs and digital artwork.

“I believe in all forms of art and art, but in the end I decided to stop it! This zone is very exciting, the one I don’t know the most and I love this NFT community.

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

I’ve been in the world of physics art for a long time and expect people to have agendas and shit, and I’ve seen a lot of boroxes, and I’ve seen how this community supports I’m surprised that I grow up and seem to care about shit. Finally, I decided that I needed to keep all 1000 currencies as NFTs …

Damien Hirst (@hirst_official) July 27, 2022

Hurst, who has dominated the British art scene by selling millions of dollars of artwork at exhibitions at the world’s top art galleries since the 1990s, said he “learned a lot” the year he worked for the NFT. I did. business.

I’ve already learned a lot, and it’s only a year, and I’ve created something alive, crazy and provocative (along with all the other participants in the currency) ) I am very proud to be a passenger and help build a great community @HENI..

Damien Hirst (@hirst_official) July 27, 2022

The community reaction on Twitter was overwhelmingly positive, and collectors wanted to burn. keep As an NFT and declare It is “the most legal and innovative integration of tradart and crypto”.

Hurst left the door open for future NFT projects attentionI feel that the journey has just begun. “