vvk
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Damien Hirst NFT "The Currency", 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 NFT "The Currency", 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 NFT "The Currency", 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 NFT "The Currency", 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 NFT "The Currency", 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 NFT "The Currency", 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 NFT "The Currency", 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 NFT "The Currency", 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 NFT "The Currency", 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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The Italian One
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Damien Hirst NFT "The Currency", 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 NFT "The Currency", 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 NFT "The Currency", 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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Georgie Poppit
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Damien Hirst NFT "The Currency", 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 NFT "The Currency", 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 NFT "The Currency", 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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Damien Hirst NFT "The Currency", 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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DB
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Damien Hirst NFT "The Currency", by DB on Jul 14, 2021 9:17:41 GMT 1, Would you get some sort of COA still if you chose the original?
Or is that the whole thing, you either buy a digital COA or you get the Original artwork without a COA?
Would you get some sort of COA still if you chose the original?
Or is that the whole thing, you either buy a digital COA or you get the Original artwork without a COA?
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Damien Hirst NFT "The Currency", by Horatio Nelson on Jul 14, 2021 9:36:34 GMT 1, I didn’t realise the “either or” element and that you could ultimately end up with delivery of the work.
Whilst an experiment with the results yet to be determined, it looks to me as if this may well (and is intended to) undermine NFTs. That might explain why you have a smiling Mark Carney going along with this.
I didn’t realise the “either or” element and that you could ultimately end up with delivery of the work.
Whilst an experiment with the results yet to be determined, it looks to me as if this may well (and is intended to) undermine NFTs. That might explain why you have a smiling Mark Carney going along with this.
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Pawel
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Damien Hirst NFT "The Currency", by Pawel on Jul 14, 2021 9:40:05 GMT 1, Would you get some sort of COA still if you chose the original? Or is that the whole thing, you either buy a digital COA or you get the Original artwork without a COA?
Would you get some sort of COA still if you chose the original? Or is that the whole thing, you either buy a digital COA or you get the Original artwork without a COA? I doubt that. There seems to some kind of hologram sticker on the back though. I believe it's mentioned in the video. |
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The Italian One
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Damien Hirst NFT "The Currency", by The Italian One on Jul 14, 2021 10:07:53 GMT 1, thinking of getting 2 .... one will end up in the wall and one in my ledger (if I will be brave enough on choosing one original Hirst will be destroyed )
this will be the first NFT from Hirst and the first NFT in my collection.
I don't like the image that much, but I want to be part of this experiment
thinking of getting 2 .... one will end up in the wall and one in my ledger (if I will be brave enough on choosing one original Hirst will be destroyed )
this will be the first NFT from Hirst and the first NFT in my collection.
I don't like the image that much, but I want to be part of this experiment
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Damien Hirst NFT "The Currency", by Elmekuderan on Jul 14, 2021 10:12:12 GMT 1, one of best nft's yet. (if on eth) this is exactly the question nft 'artists' should be asking
curious what the burning process will be
one of best nft's yet. (if on eth) this is exactly the question nft 'artists' should be asking
curious what the burning process will be
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Pattycakes
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Damien Hirst NFT "The Currency", by Pattycakes on Jul 14, 2021 10:50:20 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. The titles were computer generated based on a song he likes |
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Pattycakes
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Damien Hirst NFT "The Currency", by Pattycakes on Jul 14, 2021 10:58:05 GMT 1, This is not a new idea by any means, it's just a very 21st century take on the Monte Carlo bond that Marcel Duchamp issued in 1924, those were an edition of 30 this is 10,000 and comes with an NFT kicker.
This is not a new idea by any means, it's just a very 21st century take on the Monte Carlo bond that Marcel Duchamp issued in 1924, those were an edition of 30 this is 10,000 and comes with an NFT kicker. |
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orchid
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Damien Hirst NFT "The Currency", by orchid on Jul 14, 2021 11:24:13 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?
Nope. Bet the laminated giclee buyers are gutted.
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? Nope. Bet the laminated giclee buyers are gutted. |
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Damien Hirst NFT "The Currency", by Terry Fuckwitt on Jul 14, 2021 11:24:13 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. The titles were computer generated based on a song he likes
Thanks, I didn't know that
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. The titles were computer generated based on a song he likes Thanks, I didn't know that |
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jimbo2000
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Damien Hirst NFT "The Currency", by jimbo2000 on Jul 14, 2021 11:33:04 GMT 1, The FT interview with Mark Carney explains things and shows how the pieces were made.
The FT interview with Mark Carney explains things and shows how the pieces were made.
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aumi
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Damien Hirst NFT "The Currency", by aumi on Jul 14, 2021 11:34:25 GMT 1, I'm still confused. 1. Has Damien Hirst really produced 10,000 originals? How long would that take you? 2. Has Damien Hirst really numbered, titled and signed 10,000 pieces of paper? How long would that take you? 3. Are Heni really going to keep 10,000 originals in their vault? How big is this 'vault' of theirs? 4. Are you really given the option of keeping the NFT or having the original artwork? If so, who in their right mind would choose a token rather than the real thing? That's like choosing an e-mail from Banksy or having a signed Banksy on the wall. None of this really adds up.
I'm still confused. 1. Has Damien Hirst really produced 10,000 originals? How long would that take you? 2. Has Damien Hirst really numbered, titled and signed 10,000 pieces of paper? How long would that take you? 3. Are Heni really going to keep 10,000 originals in their vault? How big is this 'vault' of theirs? 4. Are you really given the option of keeping the NFT or having the original artwork? If so, who in their right mind would choose a token rather than the real thing? That's like choosing an e-mail from Banksy or having a signed Banksy on the wall. None of this really adds up. I guess that is why he called it an experiment. No one knows what the fuck is going on in the end. But a Hirst OG for 2k is a fair deal. |
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Damien Hirst NFT "The Currency", by Elmekuderan on Jul 14, 2021 11:36:54 GMT 1, Look into Hirst processes. Storing is no problem, how many pieces of paper in a book. (also think it are larger works cut up.) Guess ppl just understand the mindfuck when it's a physical artwork instead of a digital one, but in this case it's actually redeemable.
Look into Hirst processes. Storing is no problem, how many pieces of paper in a book. (also think it are larger works cut up.) Guess ppl just understand the mindfuck when it's a physical artwork instead of a digital one, but in this case it's actually redeemable.
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Pawel
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Damien Hirst NFT "The Currency", by Pawel on Jul 14, 2021 11:41:00 GMT 1, I'm still confused. 1. Has Damien Hirst really produced 10,000 originals? How long would that take you? 2. Has Damien Hirst really numbered, titled and signed 10,000 pieces of paper? How long would that take you? 3. Are Heni really going to keep 10,000 originals in their vault? How big is this 'vault' of theirs? 4. Are you really given the option of keeping the NFT or having the original artwork? If so, who in their right mind would choose a token rather than the real thing? That's like choosing an e-mail from Banksy or having a signed Banksy on the wall. None of this really adds up.
2. Maybe, or signed by assistants
3. That are small works on papier, storage is not an issue.
4. They apparently give the buyer the option.
I'm still confused. 1. Has Damien Hirst really produced 10,000 originals? How long would that take you? 2. Has Damien Hirst really numbered, titled and signed 10,000 pieces of paper? How long would that take you? 3. Are Heni really going to keep 10,000 originals in their vault? How big is this 'vault' of theirs? 4. Are you really given the option of keeping the NFT or having the original artwork? If so, who in their right mind would choose a token rather than the real thing? That's like choosing an e-mail from Banksy or having a signed Banksy on the wall. None of this really adds up. 1. Probably done by assistants. Given you can make 10 a day, 10 asistants would make them in 4 months. 2. Maybe, or signed by assistants 3. That are small works on papier, storage is not an issue. 4. They apparently give the buyer the option. |
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