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Damien Hirst, The Currency, NFT, by 1st Design on Jul 13, 2021 21:20:06 GMT 1, The NFT could be a lottory ticket for a original one??
The NFT could be a lottory ticket for a original one??
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Pawel
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Damien Hirst, The Currency, NFT, by Pawel on Jul 13, 2021 21:24:34 GMT 1, As I understand it the same way money used to be backed by gold stored by central banks ages ago, these NFTs are backed by the original works stored by Heni. This is called 'Currency' for a reason.
The only difference is that you cannot exchange it for the actual work 
This is better than 99% of all the NFT releases I've seen (this is not saying much as most of them are just terrible bur still). It's actually quite interesting. It could be 8 different images selling as edition of 100 or 200 or whatever we have this.
As I understand it the same way money used to be backed by gold stored by central banks ages ago, these NFTs are backed by the original works stored by Heni. This is called 'Currency' for a reason. The only difference is that you cannot exchange it for the actual work This is better than 99% of all the NFT releases I've seen (this is not saying much as most of them are just terrible bur still). It's actually quite interesting. It could be 8 different images selling as edition of 100 or 200 or whatever we have this. |
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dunkers
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Damien Hirst, The Currency, NFT, by dunkers on Jul 13, 2021 21:27:25 GMT 1, As I understand it the same way money used to be backed by gold stored by central banks ages ago, these NFTs are backed by the original works stored by Henin. This is called 'Currency' for a reason. The only difference is that you cannot exchange it for the actual work This is better than 99% of all the NFT releases I've seen (this is not saying much as most of them are just terrible bur still). It's actually quite interesting. It could be 8 different images selling as edition of 100 or 200 or whatever we have this.
That is probably the most likely. Given the pieces are from 2016 it could be the left overs from this show? you get a jpeg and the original stays in the heni vault
http://instagram.com/p/CIIqfQtMyHy
As I understand it the same way money used to be backed by gold stored by central banks ages ago, these NFTs are backed by the original works stored by Henin. This is called 'Currency' for a reason. The only difference is that you cannot exchange it for the actual work This is better than 99% of all the NFT releases I've seen (this is not saying much as most of them are just terrible bur still). It's actually quite interesting. It could be 8 different images selling as edition of 100 or 200 or whatever we have this. That is probably the most likely. Given the pieces are from 2016 it could be the left overs from this show? you get a jpeg and the original stays in the heni vault http://instagram.com/p/CIIqfQtMyHy |
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blurp
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Damien Hirst, The Currency, NFT, by blurp on Jul 13, 2021 21:27:52 GMT 1, ***** insert speculation here *****
***** insert speculation here *****
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Damien Hirst, The Currency, NFT, by leighdrive on Jul 13, 2021 21:32:07 GMT 1, £2k for a unique jpg?
£2k for a unique jpg?
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Pawel
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Damien Hirst, The Currency, NFT, by Pawel on Jul 13, 2021 21:36:41 GMT 1, Curious if its they are going to put 10k works on their website to choose from or is it going to be random (you buy it and the NFT is randomly assigned to you)
Curious if its they are going to put 10k works on their website to choose from or is it going to be random (you buy it and the NFT is randomly assigned to you)
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Skizz 82
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Damien Hirst, The Currency, NFT, by Skizz 82 on Jul 13, 2021 21:38:29 GMT 1, As I understand it the same way money used to be backed by gold stored by central banks ages ago, these NFTs are backed by the original works stored by Heni. This is called 'Currency' for a reason. The only difference is that you cannot exchange it for the actual work This is better than 99% of all the NFT releases I've seen (this is not saying much as most of them are just terrible bur still). It's actually quite interesting. It could be 8 different images selling as edition of 100 or 200 or whatever we have this.
As I understand it the same way money used to be backed by gold stored by central banks ages ago, these NFTs are backed by the original works stored by Heni. This is called 'Currency' for a reason. The only difference is that you cannot exchange it for the actual work This is better than 99% of all the NFT releases I've seen (this is not saying much as most of them are just terrible bur still). It's actually quite interesting. It could be 8 different images selling as edition of 100 or 200 or whatever we have this. I agree. I don't like Hirst nor NFTs but this concept is really the only interesting one of the many NFTs released, considering the reference to the gold standard. Cool. |
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Skizz 82
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Damien Hirst, The Currency, NFT, by Skizz 82 on Jul 13, 2021 21:53:51 GMT 1, I agree. I don't like Hirst nor NFTs but this concept is really the only interesting one of the many NFTs released, considering the reference to the gold standard. Cool. At that point you could just release HirstCoin and forget NFTs. A receipt for an item that exists physically but you cannot interact with physically is just dumb.
I agree. I don't like Hirst nor NFTs but this concept is really the only interesting one of the many NFTs released, considering the reference to the gold standard. Cool. At that point you could just release HirstCoin and forget NFTs. A receipt for an item that exists physically but you cannot interact with physically is just dumb. we are talking about a sheet with colored dots, even if physical it has value only for the brand 🤣😅 |
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Damien Hirst, The Currency, NFT, by Horatio Nelson on Jul 13, 2021 22:06:47 GMT 1, This project/exercise does make one ponder about what currency really is and what has intrinsic value etc…. (Although an NFT is not itself any form of currency or even cryptocurrency from what I understand, so it’s a slight conflation between the two concepts by Hirst).
Personally I don’t see the need to pay £2k to participate in the experiment, but it could get interesting further down the line. But who knows, Heni and elsewhere may ultimately accept these NFTs as tender for other (not NFT) works by Hirst.
This project/exercise does make one ponder about what currency really is and what has intrinsic value etc…. (Although an NFT is not itself any form of currency or even cryptocurrency from what I understand, so it’s a slight conflation between the two concepts by Hirst).
Personally I don’t see the need to pay £2k to participate in the experiment, but it could get interesting further down the line. But who knows, Heni and elsewhere may ultimately accept these NFTs as tender for other (not NFT) works by Hirst.
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vvk
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Damien Hirst, The Currency, NFT, by vvk on Jul 13, 2021 22:29:04 GMT 1,
I think it's just the digital nft version of that artwork
Wouldn't make sense for the price, but I expect these to be small pieces based on the amount made
I think it's just the digital nft version of that artwork
Wouldn't make sense for the price, but I expect these to be small pieces based on the amount made i thought the same thing, but based on the size of his signature and the corresponding images i guess the pieces are at least 11 inches wide . @ 11 in wide. that about the size of a fail book cover. |
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vvk
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Damien Hirst, The Currency, NFT, by vvk on Jul 13, 2021 22:32:23 GMT 1, ***** insert speculation here ***** What a difference a 'Name' makes, lol. I drop some NFT's and no one mentions it. Damien Hurst drops some and posts fill the site, lol. Art, what a fickle world - Banksy NFT's on the way? Maybe Banksy NFT painted on a wall? 🤔🤔🤔
***** insert speculation here ***** What a difference a 'Name' makes, lol. I drop some NFT's and no one mentions it. Damien Hurst drops some and posts fill the site, lol. Art, what a fickle world - Banksy NFT's on the way? Maybe Banksy NFT painted on a wall? 🤔🤔🤔 you should probally consider changing you name to "marxalot", or "sirmarxsalot" if your nasty. |
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vvk
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Damien Hirst, The Currency, NFT, by vvk on Jul 13, 2021 22:33:18 GMT 1, This project/exercise does make one ponder about what currency really is and what has intrinsic value etc…. (Although an NFT is not itself any form of currency or even cryptocurrency from what I understand, so it’s a slight conflation between the two concepts by Hirst). Personally I don’t see the need to pay £2k to participate in the experiment, but it could get interesting further down the line. But who knows, Heni and elsewhere may ultimately accept these NFTs as tender for other (not NFT) works by Hirst.
This project/exercise does make one ponder about what currency really is and what has intrinsic value etc…. (Although an NFT is not itself any form of currency or even cryptocurrency from what I understand, so it’s a slight conflation between the two concepts by Hirst). Personally I don’t see the need to pay £2k to participate in the experiment, but it could get interesting further down the line. But who knows, Heni and elsewhere may ultimately accept these NFTs as tender for other (not NFT) works by Hirst. i've said it before and will say it again. I have paid more for less... sad but true. |
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nobokov
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Damien Hirst, The Currency, NFT, by nobokov on Jul 13, 2021 22:55:24 GMT 1, This project/exercise does make one ponder about what currency really is and what has intrinsic value etc…. (Although an NFT is not itself any form of currency or even cryptocurrency from what I understand, so it’s a slight conflation between the two concepts by Hirst). Personally I don’t see the need to pay £2k to participate in the experiment, but it could get interesting further down the line. But who knows, Heni and elsewhere may ultimately accept these NFTs as tender for other (not NFT) works by Hirst.
I once robbed a store at gunpoint, then immediately returned to buy a candybar with their own money. Not the same concept, but boy was that a great day.
This project/exercise does make one ponder about what currency really is and what has intrinsic value etc…. (Although an NFT is not itself any form of currency or even cryptocurrency from what I understand, so it’s a slight conflation between the two concepts by Hirst). Personally I don’t see the need to pay £2k to participate in the experiment, but it could get interesting further down the line. But who knows, Heni and elsewhere may ultimately accept these NFTs as tender for other (not NFT) works by Hirst. I once robbed a store at gunpoint, then immediately returned to buy a candybar with their own money. Not the same concept, but boy was that a great day. |
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vvk
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Damien Hirst, The Currency, NFT, by vvk on Jul 13, 2021 23:21:34 GMT 1, This project/exercise does make one ponder about what currency really is and what has intrinsic value etc…. (Although an NFT is not itself any form of currency or even cryptocurrency from what I understand, so it’s a slight conflation between the two concepts by Hirst). Personally I don’t see the need to pay £2k to participate in the experiment, but it could get interesting further down the line. But who knows, Heni and elsewhere may ultimately accept these NFTs as tender for other (not NFT) works by Hirst. I once robbed a store at gunpoint, then immediately returned to buy a candybar with their own money. Not the same concept, but boy was that a great day.
This project/exercise does make one ponder about what currency really is and what has intrinsic value etc…. (Although an NFT is not itself any form of currency or even cryptocurrency from what I understand, so it’s a slight conflation between the two concepts by Hirst). Personally I don’t see the need to pay £2k to participate in the experiment, but it could get interesting further down the line. But who knows, Heni and elsewhere may ultimately accept these NFTs as tender for other (not NFT) works by Hirst. I once robbed a store at gunpoint, then immediately returned to buy a candybar with their own money. Not the same concept, but boy was that a great day. i once robbed a store for a candy bar, i went home started to eat it, mom asked where i got it and she knew exactly what i did. she took me by the ear back to the store. boy what a bad day. |
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jimmyjam
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Damien Hirst, The Currency, NFT, by jimmyjam on Jul 14, 2021 1:17:31 GMT 1, This is a interesting idea. Somewhat of a gamble.
They are small and 10,000 of them. It looks like a larger piece - just cut up.
But 2k for a small original Hirst (probably done by assistants) or NFT...
"Each of the physical works corresponds to a non-fungible token, which can be bought, on application, for rather more than a tenner — $2,000 apiece. The NFTs are immediately tradeable, in the usual way. But here’s the special Hirst-devised twist: two months after issue, owners of the NFTs have a choice. You will have to make a decision on whether to keep the NFT or the physical artwork: you can’t keep both. If you decide on the NFT, or fail to make a choice, the corresponding piece of art will be destroyed. If it’s the physical work you choose, the NFT will be deleted from the blockchain."
www.ft.com/content/9a29c9e1-5990-4fc9-b021-20e4aef5f6fd
This is a interesting idea. Somewhat of a gamble. They are small and 10,000 of them. It looks like a larger piece - just cut up. But 2k for a small original Hirst (probably done by assistants) or NFT... "Each of the physical works corresponds to a non-fungible token, which can be bought, on application, for rather more than a tenner — $2,000 apiece. The NFTs are immediately tradeable, in the usual way. But here’s the special Hirst-devised twist: two months after issue, owners of the NFTs have a choice. You will have to make a decision on whether to keep the NFT or the physical artwork: you can’t keep both. If you decide on the NFT, or fail to make a choice, the corresponding piece of art will be destroyed. If it’s the physical work you choose, the NFT will be deleted from the blockchain." www.ft.com/content/9a29c9e1-5990-4fc9-b021-20e4aef5f6fd |
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vvk
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Damien Hirst, The Currency, NFT, by vvk on Jul 14, 2021 1:46:54 GMT 1, at first glance i thought they were part of larger screen prints that were cut up and resused, (ala faile 150 series) now seeing more/ this image I m convinced they were produced by robots then cataloged by humans. I love the idea of keeping one ( paper)or the other ( NFT) while the other is getting destroyed. seems to me you would keep the original, then when heni destroyed /burned the nft , (sent the token to a burner address). You would have the ability / right to make your own NFT from the print and sell it.(insert burned banksy NFT here). Would be interested to learn if Heni / Hirst have set up a Royalty scheme in place for those who decide to keep the NFT then later resell it. such as every-time the nft gets resold, first and heni get a cut of the resale sale that gets automatically sent to their eth wallet. Yes this is possible with NFTs.
Power to the people, in this case the people are the creators.
incase you do not have access to the FT article . try this one.
afegames.com/damien-hirst-launches-his-own-nft-currency/
at first glance i thought they were part of larger screen prints that were cut up and resused, (ala faile 150 series) now seeing more/ this image I m convinced they were produced by robots then cataloged by humans. I love the idea of keeping one ( paper)or the other ( NFT) while the other is getting destroyed. seems to me you would keep the original, then when heni destroyed /burned the nft , (sent the token to a burner address). You would have the ability / right to make your own NFT from the print and sell it.(insert burned banksy NFT here). Would be interested to learn if Heni / Hirst have set up a Royalty scheme in place for those who decide to keep the NFT then later resell it. such as every-time the nft gets resold, first and heni get a cut of the resale sale that gets automatically sent to their eth wallet. Yes this is possible with NFTs. Power to the people, in this case the people are the creators. incase you do not have access to the FT article . try this one. afegames.com/damien-hirst-launches-his-own-nft-currency/ |
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blurp
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Damien Hirst, The Currency, NFT, by blurp on Jul 14, 2021 2:15:55 GMT 1, This story has the same information as the FT paywalled story and some more pictures
fadmagazine.com/2021/07/14/damien-hirst-presents-the-currency/
This is a interesting idea. Somewhat of a gamble. They are small and 10,000 of them. It looks like a larger piece - just cut up. But 2k for a small original Hirst (probably done by assistants) or NFT... "Each of the physical works corresponds to a non-fungible token, which can be bought, on application, for rather more than a tenner — $2,000 apiece. The NFTs are immediately tradeable, in the usual way. But here’s the special Hirst-devised twist: two months after issue, owners of the NFTs have a choice. You will have to make a decision on whether to keep the NFT or the physical artwork: you can’t keep both. If you decide on the NFT, or fail to make a choice, the corresponding piece of art will be destroyed. If it’s the physical work you choose, the NFT will be deleted from the blockchain." www.ft.com/content/9a29c9e1-5990-4fc9-b021-20e4aef5f6fd
This story has the same information as the FT paywalled story and some more pictures fadmagazine.com/2021/07/14/damien-hirst-presents-the-currency/This is a interesting idea. Somewhat of a gamble. They are small and 10,000 of them. It looks like a larger piece - just cut up. But 2k for a small original Hirst (probably done by assistants) or NFT... "Each of the physical works corresponds to a non-fungible token, which can be bought, on application, for rather more than a tenner — $2,000 apiece. The NFTs are immediately tradeable, in the usual way. But here’s the special Hirst-devised twist: two months after issue, owners of the NFTs have a choice. You will have to make a decision on whether to keep the NFT or the physical artwork: you can’t keep both. If you decide on the NFT, or fail to make a choice, the corresponding piece of art will be destroyed. If it’s the physical work you choose, the NFT will be deleted from the blockchain." www.ft.com/content/9a29c9e1-5990-4fc9-b021-20e4aef5f6fd |
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Damien Hirst, The Currency, NFT, by Jimini Cricket on Jul 14, 2021 2:17:38 GMT 1, Lord. Auction houses (bricks and mortar AND online) gonna be flooded
Lord. Auction houses (bricks and mortar AND online) gonna be flooded
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Inknart
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Damien Hirst, The Currency, NFT, by Inknart on Jul 14, 2021 2:29:23 GMT 1, So, out of the 10,000 I wonder how many will actually keep an NFT instead of swapping for the OG…
So, out of the 10,000 I wonder how many will actually keep an NFT instead of swapping for the OG…
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jimmyjam
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Damien Hirst, The Currency, NFT, by zoomrider on Jul 14, 2021 7:50:58 GMT 1, Someone help me out…
So even if I don’t necessarily support it, I get the NFT concept for digital art e.g. proving original ownership of art created digitally (Photoshop etc).
However in this context who wouldn’t want the original piece?! Since it’s physical/real and as the owner of such you can create your own unique digital representation?! You could even potentially stick your own digital representation of the image up for sale as an NFT yourself thereafter?! Plus you have something nice to stick on your wall…
🤔
Someone help me out…
So even if I don’t necessarily support it, I get the NFT concept for digital art e.g. proving original ownership of art created digitally (Photoshop etc).
However in this context who wouldn’t want the original piece?! Since it’s physical/real and as the owner of such you can create your own unique digital representation?! You could even potentially stick your own digital representation of the image up for sale as an NFT yourself thereafter?! Plus you have something nice to stick on your wall…
🤔
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reg
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Damien Hirst, The Currency, NFT, by reg on Jul 14, 2021 8:04:27 GMT 1, I'm still not entirely convinced about nfts. Perhaps it's my age but by having Mark Carney stood next to Hirst, somehow gives some weird authenticity to what I still think is one massive ponsi scheme.
And again, it might just be me but aren't nfts unique? I get a print run of 10000 and I would own one of 10000 - a tangible asset - but is there any merit in owning one of 10000 nfts of the same thing?
In my head this is a Hirst print run, a small image and large edition and therefore not particularly well priced so I think I'll give this one a swerve until I fully understand what it is I'm buying 🤣
I'm still not entirely convinced about nfts. Perhaps it's my age but by having Mark Carney stood next to Hirst, somehow gives some weird authenticity to what I still think is one massive ponsi scheme.
And again, it might just be me but aren't nfts unique? I get a print run of 10000 and I would own one of 10000 - a tangible asset - but is there any merit in owning one of 10000 nfts of the same thing?
In my head this is a Hirst print run, a small image and large edition and therefore not particularly well priced so I think I'll give this one a swerve until I fully understand what it is I'm buying 🤣
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eliopp
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Damien Hirst, The Currency, NFT, by eliopp on Jul 14, 2021 8:15:39 GMT 1, This is a interesting idea. Somewhat of a gamble. They are small and 10,000 of them. It looks like a larger piece - just cut up. But 2k for a small original Hirst (probably done by assistants) or NFT... "Each of the physical works corresponds to a non-fungible token, which can be bought, on application, for rather more than a tenner — $2,000 apiece. The NFTs are immediately tradeable, in the usual way. But here’s the special Hirst-devised twist: two months after issue, owners of the NFTs have a choice. You will have to make a decision on whether to keep the NFT or the physical artwork: you can’t keep both. If you decide on the NFT, or fail to make a choice, the corresponding piece of art will be destroyed. If it’s the physical work you choose, the NFT will be deleted from the blockchain." www.ft.com/content/9a29c9e1-5990-4fc9-b021-20e4aef5f6fd
He's not the first to do this but I do like the idea. Anyone know which ecosystem this is on? Ethereum?
This is a interesting idea. Somewhat of a gamble. They are small and 10,000 of them. It looks like a larger piece - just cut up. But 2k for a small original Hirst (probably done by assistants) or NFT... "Each of the physical works corresponds to a non-fungible token, which can be bought, on application, for rather more than a tenner — $2,000 apiece. The NFTs are immediately tradeable, in the usual way. But here’s the special Hirst-devised twist: two months after issue, owners of the NFTs have a choice. You will have to make a decision on whether to keep the NFT or the physical artwork: you can’t keep both. If you decide on the NFT, or fail to make a choice, the corresponding piece of art will be destroyed. If it’s the physical work you choose, the NFT will be deleted from the blockchain." www.ft.com/content/9a29c9e1-5990-4fc9-b021-20e4aef5f6fdHe's not the first to do this but I do like the idea. Anyone know which ecosystem this is on? Ethereum? |
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Damien Hirst, The Currency, NFT, by The Italian One on Jul 14, 2021 8:25:05 GMT 1, This is a interesting idea. Somewhat of a gamble. They are small and 10,000 of them. It looks like a larger piece - just cut up. But 2k for a small original Hirst (probably done by assistants) or NFT... "Each of the physical works corresponds to a non-fungible token, which can be bought, on application, for rather more than a tenner — $2,000 apiece. The NFTs are immediately tradeable, in the usual way. But here’s the special Hirst-devised twist: two months after issue, owners of the NFTs have a choice. You will have to make a decision on whether to keep the NFT or the physical artwork: you can’t keep both. If you decide on the NFT, or fail to make a choice, the corresponding piece of art will be destroyed. If it’s the physical work you choose, the NFT will be deleted from the blockchain." www.ft.com/content/9a29c9e1-5990-4fc9-b021-20e4aef5f6fdHe's not the first to do this but I do like the idea. Anyone know which ecosystem this is on? Ethereum?
This is a interesting idea. Somewhat of a gamble. They are small and 10,000 of them. It looks like a larger piece - just cut up. But 2k for a small original Hirst (probably done by assistants) or NFT... "Each of the physical works corresponds to a non-fungible token, which can be bought, on application, for rather more than a tenner — $2,000 apiece. The NFTs are immediately tradeable, in the usual way. But here’s the special Hirst-devised twist: two months after issue, owners of the NFTs have a choice. You will have to make a decision on whether to keep the NFT or the physical artwork: you can’t keep both. If you decide on the NFT, or fail to make a choice, the corresponding piece of art will be destroyed. If it’s the physical work you choose, the NFT will be deleted from the blockchain." www.ft.com/content/9a29c9e1-5990-4fc9-b021-20e4aef5f6fdHe's not the first to do this but I do like the idea. Anyone know which ecosystem this is on? Ethereum? yes ETH |
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Damien Hirst, The Currency, NFT, by Terry Fuckwitt on Jul 14, 2021 8:46:36 GMT 1, Coming up with 10,000 titles takes some doing, let alone signing and numbering all these.
Having the option of keeping the physical edition nearly swayed me, but not enough.
Coming up with 10,000 titles takes some doing, let alone signing and numbering all these.
Having the option of keeping the physical edition nearly swayed me, but not enough.
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Damien Hirst, The Currency, NFT, by Slipped Crown on Jul 14, 2021 8:46:56 GMT 1, Ok this just got a whole lot more interesting. Surely you'd keep the original painting?!
Ok this just got a whole lot more interesting. Surely you'd keep the original painting?!
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Damien Hirst, The Currency, NFT, by Georgie Poppit on Jul 14, 2021 8:58:11 GMT 1, I reckon he’d get through the 10,000 in a month with a lot of assistance. I’d say for $20m he’d enjoy every second of it.
I reckon he’d get through the 10,000 in a month with a lot of assistance. I’d say for $20m he’d enjoy every second of it.
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ed88
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Damien Hirst, The Currency, NFT, by ed88 on Jul 14, 2021 9:05:39 GMT 1, Not a bad way to get an original painting for the price
Not a bad way to get an original painting for the price
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dunkers
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Damien Hirst, The Currency, NFT, by dunkers on Jul 14, 2021 9:10:41 GMT 1, It will be interesting to see the split between those who chose the artwork and those who chose the NFT.
Forcing the choice will make people have to consider whether they are buying for art or to invest. I know next to nothing about the NFT market but would assume if everyone opted for the original then the value of the NFT would increase more than the painting as the number of NFTs decrease. This could mean more try to retain the NFT if they bought solely as currency for speculative financial return.
It will be interesting to see the split between those who chose the artwork and those who chose the NFT.
Forcing the choice will make people have to consider whether they are buying for art or to invest. I know next to nothing about the NFT market but would assume if everyone opted for the original then the value of the NFT would increase more than the painting as the number of NFTs decrease. This could mean more try to retain the NFT if they bought solely as currency for speculative financial return.
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aumi
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November 2014
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Damien Hirst, The Currency, NFT, by aumi on Jul 14, 2021 9:16:52 GMT 1, Compared to his last edition The Virtues there were around 7500 in total.
Now I could get an original artwork for 2k. Supposedly all works are different and even named different.
So, basically you get a small original artwork for 2k. If that is right it seems to be a pretty good deal.
Image if someone told you 5 days ago you could get hold of a DH for 2k...
Am I missing something here?
Compared to his last edition The Virtues there were around 7500 in total.
Now I could get an original artwork for 2k. Supposedly all works are different and even named different.
So, basically you get a small original artwork for 2k. If that is right it seems to be a pretty good deal.
Image if someone told you 5 days ago you could get hold of a DH for 2k...
Am I missing something here?
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