nobokov
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Damien Hirst, The Currency, NFT, by nobokov on Jul 14, 2021 16:33:51 GMT 1, Really enjoyed the Mark Carney interview. Interesting concept, but you have to be a nerd not an art fan to choose an NFT over the painting? Owning a work of art vs owning the provenance of a work of art that once existed. No brainer, right?
Really enjoyed the Mark Carney interview. Interesting concept, but you have to be a nerd not an art fan to choose an NFT over the painting? Owning a work of art vs owning the provenance of a work of art that once existed. No brainer, right? Not necessarily. What if more people choose to hold the NFT and it trades for an astronomical amount? People would then choose the NFT if they can find another buyer quickly. If everyone chose the object, will that decrease the value of the object? If everyone choose the NFT, would that increase the value of the object? 10,000 objects seems like a quantity high enough to make them not very unique so storing value in those objects that are small, not visually appealing seems like it would need quite the market psychology to hold value. But who knows right? It seems like he's trying to create his own cryptocurrency through this experiment and since it's an experiment, if it fails, it wouldn't reflect poorly on him. Since he's holding 1000 of both the NFT and work, he's hedging either way because no one knows how it's gonna turn out. |
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Deleted
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January 1970
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Damien Hirst, The Currency, NFT, by Deleted on Jul 14, 2021 16:37:28 GMT 1, Entered, fingers crossed. Would think pretty much anyone who applies will get "picked".
When I read this below, I thought the opposite.
"We try to ensure that everyone has a chance to purchase an NFT, which means there is an open application that lasts one week. Every application will be reviewed and assigned to an appropriate bucket. Each bucket has a set amount of works to be distributed among the successful applicants.
The buckets include NFT Power Users, DeFi users, HENI customers, general users, partners and team members and Damien himself who will be keeping 1,000 NFTs. He will hold the NFTs (and the corresponding artworks if any of the NFTs are exchanged) for five years except for a small number he might auction off for philanthropic or charitable purposes.
There are approximately 1,000 - 2,000 NFTs within each bucket.
We will use a snapshot taken 24 hours before launch to determine whether you qualify as NFT Power User or DeFi Native User."
If I've read this properly, there will only be 1000 to 2000 available for most of us first time non-Power users which doesn't feel like many. Surely the General Users (which is HENI customers, new customers and Partners & Community) grouping will easily be the vast majority of applicants...all fighting over one bucket?
Entered, fingers crossed. Would think pretty much anyone who applies will get "picked". Really? When I read this below, I thought the opposite. "We try to ensure that everyone has a chance to purchase an NFT, which means there is an open application that lasts one week. Every application will be reviewed and assigned to an appropriate bucket. Each bucket has a set amount of works to be distributed among the successful applicants.
The buckets include NFT Power Users, DeFi users, HENI customers, general users, partners and team members and Damien himself who will be keeping 1,000 NFTs. He will hold the NFTs (and the corresponding artworks if any of the NFTs are exchanged) for five years except for a small number he might auction off for philanthropic or charitable purposes.
There are approximately 1,000 - 2,000 NFTs within each bucket.
We will use a snapshot taken 24 hours before launch to determine whether you qualify as NFT Power User or DeFi Native User." If I've read this properly, there will only be 1000 to 2000 available for most of us first time non-Power users which doesn't feel like many. Surely the General Users (which is HENI customers, new customers and Partners & Community) grouping will easily be the vast majority of applicants...all fighting over one bucket? |
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.dappy
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Damien Hirst, The Currency, NFT, by .dappy on Jul 14, 2021 16:43:37 GMT 1, I’ve looked and I can’t see anywhere where it says you get sent the original work it says you trade the nft for an original but does that original stay in the heni vault? That would be an interesting spin, if they do
... I would be careful about this point made by grrr ... it is not clear to me either ...
I’ve looked and I can’t see anywhere where it says you get sent the original work it says you trade the nft for an original but does that original stay in the heni vault? That would be an interesting spin, if they do ... I would be careful about this point made by grrr ... it is not clear to me either ... |
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dunkers
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November 2019
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Damien Hirst, The Currency, NFT, by dunkers on Jul 14, 2021 16:45:14 GMT 1, Entered, fingers crossed. Would think pretty much anyone who applies will get "picked". Really? When I read this below, I thought the opposite. "We try to ensure that everyone has a chance to purchase an NFT, which means there is an open application that lasts one week. Every application will be reviewed and assigned to an appropriate bucket. Each bucket has a set amount of works to be distributed among the successful applicants.
The buckets include NFT Power Users, DeFi users, HENI customers, general users, partners and team members and Damien himself who will be keeping 1,000 NFTs. He will hold the NFTs (and the corresponding artworks if any of the NFTs are exchanged) for five years except for a small number he might auction off for philanthropic or charitable purposes.
There are approximately 1,000 - 2,000 NFTs within each bucket.
We will use a snapshot taken 24 hours before launch to determine whether you qualify as NFT Power User or DeFi Native User." If I've read this properly, there will only be 1000 to 2000 available for most of us first time non-Power users which doesn't feel like many. Surely the General Users (which is HENI customers, new customers and Partners & Community) grouping will easily be the vast majority of applicants...all fighting over one bucket?
I read that as heni customers, general, and partners all being separate buckets.
Entered, fingers crossed. Would think pretty much anyone who applies will get "picked". Really? When I read this below, I thought the opposite. "We try to ensure that everyone has a chance to purchase an NFT, which means there is an open application that lasts one week. Every application will be reviewed and assigned to an appropriate bucket. Each bucket has a set amount of works to be distributed among the successful applicants.
The buckets include NFT Power Users, DeFi users, HENI customers, general users, partners and team members and Damien himself who will be keeping 1,000 NFTs. He will hold the NFTs (and the corresponding artworks if any of the NFTs are exchanged) for five years except for a small number he might auction off for philanthropic or charitable purposes.
There are approximately 1,000 - 2,000 NFTs within each bucket.
We will use a snapshot taken 24 hours before launch to determine whether you qualify as NFT Power User or DeFi Native User." If I've read this properly, there will only be 1000 to 2000 available for most of us first time non-Power users which doesn't feel like many. Surely the General Users (which is HENI customers, new customers and Partners & Community) grouping will easily be the vast majority of applicants...all fighting over one bucket? I read that as heni customers, general, and partners all being separate buckets. |
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Damien Hirst, The Currency, NFT, by pumpkintico on Jul 14, 2021 16:55:45 GMT 1, Entered, fingers crossed. Would think pretty much anyone who applies will get "picked".
Did you get any confirmation that you have entered?
Entered, fingers crossed. Would think pretty much anyone who applies will get "picked". Did you get any confirmation that you have entered? |
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u%hdjfka c
Junior Member
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January 2021
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Damien Hirst, The Currency, NFT, by u%hdjfka c on Jul 14, 2021 16:59:24 GMT 1, Entered, fingers crossed. Would think pretty much anyone who applies will get "picked". Really? When I read this below, I thought the opposite. "We try to ensure that everyone has a chance to purchase an NFT, which means there is an open application that lasts one week. Every application will be reviewed and assigned to an appropriate bucket. Each bucket has a set amount of works to be distributed among the successful applicants.
The buckets include NFT Power Users, DeFi users, HENI customers, general users, partners and team members and Damien himself who will be keeping 1,000 NFTs. He will hold the NFTs (and the corresponding artworks if any of the NFTs are exchanged) for five years except for a small number he might auction off for philanthropic or charitable purposes.
There are approximately 1,000 - 2,000 NFTs within each bucket.
We will use a snapshot taken 24 hours before launch to determine whether you qualify as NFT Power User or DeFi Native User." If I've read this properly, there will only be 1000 to 2000 available for most of us first time non-Power users which doesn't feel like many. Surely the General Users (which is HENI customers, new customers and Partners & Community) grouping will easily be the vast majority of applicants...all fighting over one bucket?
Entered, fingers crossed. Would think pretty much anyone who applies will get "picked". Really? When I read this below, I thought the opposite. "We try to ensure that everyone has a chance to purchase an NFT, which means there is an open application that lasts one week. Every application will be reviewed and assigned to an appropriate bucket. Each bucket has a set amount of works to be distributed among the successful applicants.
The buckets include NFT Power Users, DeFi users, HENI customers, general users, partners and team members and Damien himself who will be keeping 1,000 NFTs. He will hold the NFTs (and the corresponding artworks if any of the NFTs are exchanged) for five years except for a small number he might auction off for philanthropic or charitable purposes.
There are approximately 1,000 - 2,000 NFTs within each bucket.
We will use a snapshot taken 24 hours before launch to determine whether you qualify as NFT Power User or DeFi Native User." If I've read this properly, there will only be 1000 to 2000 available for most of us first time non-Power users which doesn't feel like many. Surely the General Users (which is HENI customers, new customers and Partners & Community) grouping will easily be the vast majority of applicants...all fighting over one bucket? More chance of getting a Javier Calleja from Avant Arte than one of these Hirst NFTs |
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Riotcops
Junior Member
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June 2018
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Damien Hirst, The Currency, NFT, by Riotcops on Jul 14, 2021 16:59:44 GMT 1, That would be an interesting spin, if they do ... I would be careful about this point made by grrr ... it is not clear to me either ...
This line implies the originals will be shipped. Though, I agree, it is not crystal clear.
That would be an interesting spin, if they do ... I would be careful about this point made by grrr ... it is not clear to me either ... "Any applicable taxes, import duties, shipping and insurance costs will need to be paid by you upon redemption." This line implies the originals will be shipped. Though, I agree, it is not crystal clear. |
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dunkers
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November 2019
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Damien Hirst, The Currency, NFT, by dunkers on Jul 14, 2021 17:02:34 GMT 1, That would be an interesting spin, if they do ... I would be careful about this point made by grrr ... it is not clear to me either ...
I emailed heni to check this, response below:
Thank you for reaching out, and for your interest in The Currency!
Yes I can confirm that if you choose to exchange the NFT for the corresponding physical artwork, then the physical artwork will be delivered to the buyer.
More information about the exchange will become available before the exchange period opens, and shipping information of the physical artwork will become available when the exchange period opens.
That would be an interesting spin, if they do ... I would be careful about this point made by grrr ... it is not clear to me either ... I emailed heni to check this, response below: Thank you for reaching out, and for your interest in The Currency! Yes I can confirm that if you choose to exchange the NFT for the corresponding physical artwork, then the physical artwork will be delivered to the buyer. More information about the exchange will become available before the exchange period opens, and shipping information of the physical artwork will become available when the exchange period opens. |
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Riotcops
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Damien Hirst, The Currency, NFT, by Riotcops on Jul 14, 2021 17:03:09 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… 🤔 You in no way have the right to reproduce or sell a digitized version of the artwork. You will not own the Copyright. |
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Damien Hirst, The Currency, NFT, by Horatio Nelson on Jul 14, 2021 17:09:00 GMT 1, Interesting that Damien will be keeping 1,000 NFTs…
Interesting that Damien will be keeping 1,000 NFTs…
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clueless
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October 2017
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Damien Hirst, The Currency, NFT, by clueless on Jul 14, 2021 17:10:05 GMT 1, Interesting that Damien will be keeping 1,000 NFTs…
Interesting that Damien will be keeping 1,000 NFTs… Pretty standard for all NFT artists. They want the opportunity to flip them if the cash grab is successful as well. |
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Damien Hirst, The Currency, NFT, by dreadware on Jul 14, 2021 17:12:00 GMT 1, ... I would be careful about this point made by grrr ... it is not clear to me either ... I emailed heni to check this, response below: Thank you for reaching out, and for your interest in The Currency! Yes I can confirm that if you choose to exchange the NFT for the corresponding physical artwork, then the physical artwork will be delivered to the buyer. More information about the exchange will become available before the exchange period opens, and shipping information of the physical artwork will become available when the exchange period opens.
This is cool! Thanks for this info!
Now I really wish to get "picked" !
... I would be careful about this point made by grrr ... it is not clear to me either ... I emailed heni to check this, response below: Thank you for reaching out, and for your interest in The Currency! Yes I can confirm that if you choose to exchange the NFT for the corresponding physical artwork, then the physical artwork will be delivered to the buyer. More information about the exchange will become available before the exchange period opens, and shipping information of the physical artwork will become available when the exchange period opens. This is cool! Thanks for this info! Now I really wish to get "picked" ! |
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bagpuss
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Damien Hirst, The Currency, NFT, by bagpuss on Jul 14, 2021 17:18:18 GMT 1, Fascinating concept. I would pick the physical artwork over a token every time, even if the artwork is only 20cm x 30cm.
Fascinating concept. I would pick the physical artwork over a token every time, even if the artwork is only 20cm x 30cm.
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Inknart
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April 2015
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Damien Hirst, The Currency, NFT, by Inknart on Jul 14, 2021 17:18:53 GMT 1, I emailed heni to check this, response below: Thank you for reaching out, and for your interest in The Currency! Yes I can confirm that if you choose to exchange the NFT for the corresponding physical artwork, then the physical artwork will be delivered to the buyer. More information about the exchange will become available before the exchange period opens, and shipping information of the physical artwork will become available when the exchange period opens. This is cool! Thanks for this info! Now I really wish to get "picked" !
I emailed heni to check this, response below: Thank you for reaching out, and for your interest in The Currency! Yes I can confirm that if you choose to exchange the NFT for the corresponding physical artwork, then the physical artwork will be delivered to the buyer. More information about the exchange will become available before the exchange period opens, and shipping information of the physical artwork will become available when the exchange period opens. This is cool! Thanks for this info! Now I really wish to get "picked" ! If you don't, there will be 5000 on eBay. I don't see why most people would ever pick an NFT for something they don't actually own copyright to over a physical work with texture that is signed with an individual hand written name. It's not even a gimmicky gif, it's an image of a piece of paper. |
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vvk
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October 2015
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Damien Hirst, The Currency, NFT, by vvk on Jul 14, 2021 17:21:23 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… 🤔 You in no way have the right to reproduce or sell a digitized version of the artwork. You will not own the Copyright.
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… 🤔 You in no way have the right to reproduce or sell a digitized version of the artwork. You will not own the Copyright. i read a story about the pom wonderful lady that bought a replica pearl necklace owned by jackie kenedy, she paid 200K at auction for it and people laughed at her for spending so much on a replica, She and her husband also own the franklin mint. They went on to reproduce the necklace and sell them through the franklin mint and made a cool 43 Million. Makes you wonder what is the actual copyright protect? side note: this family went on to buy up alot of tfarm land in california and pretty much grabbed alot of water rights to the central valley at the same time. Further putting CA in a water crisis (as usual) while they grow their pistachios and pomegranates. www.wonderful.com |
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Pawel
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June 2015
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Damien Hirst, The Currency, NFT, by Pawel on Jul 14, 2021 17:25:44 GMT 1, That would be an interesting spin, if they do ... I would be careful about this point made by grrr ... it is not clear to me either ...
Edit. apparently confirmed a couple posts earlier 
That would be an interesting spin, if they do ... I would be careful about this point made by grrr ... it is not clear to me either ... Agreed, shipping is not mentioned anywhere Edit. apparently confirmed a couple posts earlier |
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jenko
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December 2020
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Damien Hirst, The Currency, NFT, by jenko on Jul 14, 2021 17:31:39 GMT 1, Controversial opinion this... I hate NFTs and the very concept they promote, but after sitting back and scratching my noggin I reckon this is genius from Hirst, and I don't say that often about the crazy bastard. Shocked by how much I like the idea actually.
Controversial opinion this... I hate NFTs and the very concept they promote, but after sitting back and scratching my noggin I reckon this is genius from Hirst, and I don't say that often about the crazy bastard. Shocked by how much I like the idea actually.
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Damien Hirst, The Currency, NFT, by whatsthestory on Jul 14, 2021 17:34:18 GMT 1, This is probably the only interesting NFT I have come across. Interesting project with the side bonus that Hirst will make (another) fortune out of it.
This is probably the only interesting NFT I have come across. Interesting project with the side bonus that Hirst will make (another) fortune out of it.
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Damien Hirst, The Currency, NFT, by whatsthestory on Jul 14, 2021 17:52:16 GMT 1, Another detail I just thought of that is very clever is the grouping into essentially "regular collectors" and "nerdy crypto people".
If the distribution went to mostly average Joe's then of course almost all 10,000 would be redeemed as paper. But a good chunk of these will go to existing NFT collectors and Defi users. They will both be a lot more likely to keep the NFT (although not all) and will create a much more interesting dynamic.
Another detail I just thought of that is very clever is the grouping into essentially "regular collectors" and "nerdy crypto people".
If the distribution went to mostly average Joe's then of course almost all 10,000 would be redeemed as paper. But a good chunk of these will go to existing NFT collectors and Defi users. They will both be a lot more likely to keep the NFT (although not all) and will create a much more interesting dynamic.
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nobokov
Junior Member
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February 2016
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Damien Hirst, The Currency, NFT, by nobokov on Jul 14, 2021 18:12:48 GMT 1, It's not original if there's 10000 of them. What are you people thinking? I could draw a smilie face 10,000 times but each of those smilie faces would still be an original.
What if you drew it 1,000,000 times? Would it still be worth anything? At what point does the quantity make an original lose its novelty?
It's not original if there's 10000 of them. What are you people thinking? I could draw a smilie face 10,000 times but each of those smilie faces would still be an original. What if you drew it 1,000,000 times? Would it still be worth anything? At what point does the quantity make an original lose its novelty? |
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Damien Hirst, The Currency, NFT, by Sixty Bells on Jul 14, 2021 18:24:24 GMT 1, So Hirst is trying to make us make a choice between the real thing and the NFT. What's to stop you getting the real thing and making an NFT of it at a later date, and keeping both
So Hirst is trying to make us make a choice between the real thing and the NFT. What's to stop you getting the real thing and making an NFT of it at a later date, and keeping both
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Damien Hirst, The Currency, NFT, by therivler1 on Jul 14, 2021 18:28:07 GMT 1, So Hirst is trying to make us make a choice between the real thing and the NFT. What's to stop you getting the real thing and making an NFT of it at a later date, and keeping both
So Hirst is trying to make us make a choice between the real thing and the NFT. What's to stop you getting the real thing and making an NFT of it at a later date, and keeping both That's not how it works. The NFT wouldn't be authenticated. |
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Damien Hirst, The Currency, NFT, by Carl Cashman Art on Jul 14, 2021 18:50:58 GMT 1, So Hirst is trying to make us make a choice between the real thing and the NFT. What's to stop you getting the real thing and making an NFT of it at a later date, and keeping both
So Hirst is trying to make us make a choice between the real thing and the NFT. What's to stop you getting the real thing and making an NFT of it at a later date, and keeping both If you make a NFT of one of your banksy prints, you don't own a Banksy NFT. |
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Damien Hirst, The Currency, NFT, by Slipped Crown on Jul 14, 2021 18:51:59 GMT 1, Application in and received confirmation. Fingers crossed!
Application in and received confirmation. Fingers crossed!
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nobokov
Junior Member
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February 2016
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Damien Hirst, The Currency, NFT, by nobokov on Jul 14, 2021 19:31:43 GMT 1, What if you drew it 1,000,000 times? Would it still be worth anything? At what point does the quantity make an original lose its novelty? It's not about novelty or quality or value or even quantity. It's about if it is hand drawn or hand painted. If it is, then it is an original, even if there are 10 billion that look the same.
What if you drew it 1,000,000 times? Would it still be worth anything? At what point does the quantity make an original lose its novelty? It's not about novelty or quality or value or even quantity. It's about if it is hand drawn or hand painted. If it is, then it is an original, even if there are 10 billion that look the same. What's the point of it then? |
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Damien Hirst, The Currency, NFT, by pumpkintico on Jul 14, 2021 19:35:42 GMT 1, Application in and received confirmation. Fingers crossed!
Can I ask if you received an email confirmation please?
Application in and received confirmation. Fingers crossed! Can I ask if you received an email confirmation please? |
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dunkers
New Member
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November 2019
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Damien Hirst, The Currency, NFT, by dunkers on Jul 14, 2021 19:45:13 GMT 1, It’s interesting when looking on the heni website how they group they identify themes in some of the titles and suggest some themes are more uncommon than others. I assume those who collect NFT will see more value in the more uncommon themes?
It’s interesting when looking on the heni website how they group they identify themes in some of the titles and suggest some themes are more uncommon than others. I assume those who collect NFT will see more value in the more uncommon themes?
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vvk
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October 2015
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Damien Hirst, The Currency, NFT, by vvk on Jul 14, 2021 19:47:33 GMT 1, I could draw a smilie face 10,000 times but each of those smilie faces would still be an original. What if you drew it 1,000,000 times? Would it still be worth anything? At what point does the quantity make an original lose its novelty?
total # of bitcoins ever to be created will be 21 million
cost of a 1 bitcoin when originally released $0.
current Value of bitcoin (july /14/21) = $33,000
just like paper money and most other things of value, they are only as valuable as we believe them to be.
1K, 10K, 100K, 1 million.. all those numbers are very small in the grand scheme of its potential. there is easily over 1 million people in the world that Like hirst work. Weather they are willing to pay for a piece of his is another story.
I could draw a smilie face 10,000 times but each of those smilie faces would still be an original. What if you drew it 1,000,000 times? Would it still be worth anything? At what point does the quantity make an original lose its novelty? not sure if this matters to you or not, but for some comparison reference. total # of bitcoins ever to be created will be 21 million cost of a 1 bitcoin when originally released $0. current Value of bitcoin (july /14/21) = $33,000 just like paper money and most other things of value, they are only as valuable as we believe them to be. 1K, 10K, 100K, 1 million.. all those numbers are very small in the grand scheme of its potential. there is easily over 1 million people in the world that Like hirst work. Weather they are willing to pay for a piece of his is another story. |
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nobokov
Junior Member
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February 2016
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Damien Hirst, The Currency, NFT, by nobokov on Jul 14, 2021 19:59:50 GMT 1, What if you drew it 1,000,000 times? Would it still be worth anything? At what point does the quantity make an original lose its novelty? not sure if this matters to you or not, but for some comparison reference. total # of bitcoins ever to be created will be 21 million cost of a 1 bitcoin when originally released $0. current Value of bitcoin (july /14/21) = $33,000 just like paper money and most other things of value, they are only as valuable as we believe them to be. 1K, 10K, 100K, 1 million.. all those numbers are very small in the grand scheme of its potential. there is easily over 1 million people in the world that Like hirst work. Weather they are willing to pay for a piece of his is another story.
What if you drew it 1,000,000 times? Would it still be worth anything? At what point does the quantity make an original lose its novelty? not sure if this matters to you or not, but for some comparison reference. total # of bitcoins ever to be created will be 21 million cost of a 1 bitcoin when originally released $0. current Value of bitcoin (july /14/21) = $33,000 just like paper money and most other things of value, they are only as valuable as we believe them to be. 1K, 10K, 100K, 1 million.. all those numbers are very small in the grand scheme of its potential. there is easily over 1 million people in the world that Like hirst work. Weather they are willing to pay for a piece of his is another story. Interesting parallel. Does that mean that you're betting on the NFT over the object and will it be able to be traded on a wider exchange platform? |
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Arty
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December 2020
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Damien Hirst, The Currency, NFT, by Arty on Jul 14, 2021 20:13:00 GMT 1, If you have the NFT, do you have the rights to resell the print?
If you have the NFT, do you have the rights to resell the print?
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