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A year ago this month, a prolific and controversial artist, Damien Hirst, Started a spectacular NFT experiment. Through his “The Currency” project, he set out to explore the concept of money, both traditionally and digitally.
First, Hurst has incorporated a collection of 2016 10k technicolor artwork into an NFT on the Ethereum network. Next, stakeholders held a grand sale to buy digital artwork for $ 2,000 each.But the catch gave the owner the next option Replace the NFT with a physical counterpart. Alternatively, hold the token to confirm the original write. At that time, venerable creators hypothesized that the owner would be reassured by the concrete nature of its existence and lean towards the physical component.
But as the clock ticks, the results are too close to recall. At the time of writing, there are still 5,305 NFTs left, with users using about 30 per hour, with only 8 hours left.In addition OpenSea minimum price It is currently at a healthy 6.3 ETH, and further redemption will only increase the NFT shortage.
#TheCurrency Exhibition
HENI & @hirst_official Presents a unique exhibition of paintings from #TheCurrencyOpened September 9, 2022 at the Newport Street Gallery in London.
The exhibition will showcase all the physical artwork that remains before it is finally destroyed
HENI (@HENI) July 26, 2022
As the dust settles and the owners stick to their choices, Hurst respects his first promise at the spectacular exhibition that begins. September 9.. As he says, the master artist will host a gallery of the rest of the physical artwork at his private museum in London. In progress, he throws their traditional shapes into flames and reduces them to ashes. Since then, they exist only within the depth of the impervious Ethereum blockchain and are proud of Ethereum.
Check the final result >> here
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* All investment / financial opinions expressed by NFT Plaza are from the site moderator’s personal research and experience and are intended as educational material only. Individuals need to thoroughly investigate every product before making any kind of investment.
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