Damien Hirst live streams the burning of $10M in art for NFT project

“The Currency” is the name given to Hirst’s NFT project, which examines the value of digital art vs. physical art. Britain’s wealthiest living artist, Damien Hirst, has started setting fire to millions of dollars worth of his own artworks as part of his nonfungible token (NFT) project “The Currency.”

During an Oct. 11 livestream of his London gallery at 12:30 pm local time, Hirst burned hundreds of his own The Currency artworks, ensuring that they exist only in the form of an NFT moving forward. The Currency is the name given to Hirst’s first NFT collection which dropped last year — made up of 10,000 NFTs each tied to a physical oil painting. Collectors who had bought one of the $2,000 floor-priced NFTs were given one year to decide whether they would keep the NFT or trade it in for the physical painting.https://cointelegraph.com/news/damien-hirst-livestreams-the-burning-of-10m-in-art-for-nft-project

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