Damien Hirst - The Currency
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- Опубліковано 13 лип 2021
- The Currency, the first NFT series by Damien Hirst, will be launched by HENI on 14 July 2021 at 3pm BST on www.heni.com. You can learn more about The Currency and discuss it on our Discord: / discord
The Currency is a collection of 10,000 NFTs which correspond to 10,000 unique physical artworks by Damien Hirst, with the NFTs containing high resolution images of the front and back of each of the 10,000 artworks. The physical works, which are stored in a secure vault in the UK, are now brought to life through their launch on Palm, a new environmentally friendly NFT ecosystem connected to Ethereum. Palm is 99% more energy efficient than Ethereum or Bitcoin.
The physical artworks were created by hand in 2016 using enamel paint on handmade paper. Each artwork is numbered, titled, stamped, and signed by the artist on the back. Additional authenticity features on the artwork paper include a watermark, a microdot and a hologram containing a portrait of the artist. On each artwork, no colour is repeated twice. The colour of some spots on a particular artwork may appear to be similar, but they will actually be different shades. The titles are generated from machine learning being applied to some of the artist's favourite song lyrics.
The application period starts on 14 July 2021 at 3pm BST and lasts for one week. Successful applicants will be notified in the week after the application period closes. Each NFT is $2,000 and payment can be made using credit or debit cards as well as the following cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC) and Dai (DAI).
The NFTs will be distributed from July 29 2021. Nobody will receive a physical artwork at the outset. Two months after the NFTs are allocated, collectors will be presented with a choice: to keep the NFT or exchange it for the physical artwork. They will have one year, until 3pm BST on 27 July 2022 to decide to keep either the digital NFT or the physical artwork. If they have not exchanged their NFT in that period, the physical artwork will be destroyed. Similarly, if they have exchanged it in that period, the NFT will be destroyed. There will be an exhibition of the 'burned' artworks (i.e. those relating to NFTs that have not been redeemed) before they are ultimately destroyed.
When Damien Hirst heard about NFTs three years ago, he decided to bridge the gap between the physical art world and the world of NFTs. Damien Hirst views The Currency as not just constituting individual works of art on paper and as NFTs but also the whole project as a work of art in which people participate by buying, holding and selling the artworks. The Currency challenges the concept of value through money and art. An experiment in belief, every participant is confronted with their perception of value, and how it influences their decision. The Currency tests the boundaries of the digital and physical world and our role in both. Ultimately, the collector decides how to use their art/currency. The limited time of the exchange period ensures that even doing nothing is doing something.
Learn more on heni.com
"I've never understood money"
hirst is the best marketing warrior ever!
love this, just bought one and expect secondary market to be insane
Interesting, its like his works are solely created to be sold
"When I let go, it comes to life"
Someone please explain this to me. Im not trying to be ignorant but how does this makes sense
Was able to grab one, thanks Damien!
I got one thank u Damien this is a piece of art history
Hmmm colored dots on a white background… my five year old did the same thing this summer in arts and crafts… I guess we need to sell her paintings too? This is way over the top folks.
great first three videos, y'all!
Did a machine or team of people place all the dots on all of those pieces? Surely Damien didn’t do the whole 10,000? Does anybody know
The most interesting art is not about what it looks like but what the ideas behind it is. If you study art and art history then you can begin to understand this perspective. But with that being said, you don't have to understand. You can think he is a con artist (scammer) if you want, that's fine with me. He can be both an artist and a con artist, depending on you perspective. If you can't appreciate the art then you are likely to take the "he is a scammer" perspective. The point is that there are multiple perspectives and they are all true, but it does not mean that he is not really an artist generally speaking.
“I never really understood money”…No shit.
Is this a spoof ? Im waiting for noel fielding to appear .
Love the concept 😍 physical all the way for me
I think I know about Art and I get the idea behind this but why dots? It's a social experiment but the painterly element is (to me) weak. I look at the work of someone like Stephen Willats for example which deals with social structures more convincingly.
Creative.
The kings clothes more like !!!
Let’s do some dots.
NFT - eine riesige Chance für Künstler, auch ohne Zerstörung.