Ok, NFTs are too hooligan even for Damien Hirst.
Originally published in Worth.
One of the artists that is absolutely the reason for this article, Damien Hirst, just announced his own NFT “The Currency”. Nothing unexpected here: Hirst will create 10,000 hand-painted A4 spot paintings and for each a corresponding NFT. You pay $2,000 for the NFT and then have a year to decide whether you want to keep the NFT or the physical paper. Once you decide, the other will be destroyed.
The one thing that is surprising about all of this is that Damien Hirst got into NFTs this late. The cryptocraze of 2020 and early 2021 is over and it drags down with it the non-fungible tokens (NFTs) too. NFTs saw the top of the hype at the beginning of this year and for a while it got so bad that lighting on fire actual paintings to then sell NFTs for a much higher price became a trend. (A company called Injective protocol bought Morons by Banksy for $95,000, burned it live on Twitter and sold a digital version of this event as NFT for $380,000.)
So this is probably head-scratching for some of you and it sure is for me, but hey, the idea is that NFTs are digital certificates on blockchain; a trace stored on blockchain…
