Damien Hirst released his first NFT collection, titled "The Currency," comprising 10,000 original artworks. He forced each owner to choose between the physical painting or the corresponding digital token. If the NFT was chosen, he burned the physical version.
After collectively spending $89 million, buyers were almost evenly split. Damien Hirst personally owns 1,000 pieces and chose the NFT route to "show 100 percent support and confidence in the NFT world."
Ten years from the exhibition's end on October 30, 2023, will the next "The Currency" NFT sale fetch a higher price than the next physical artwork sold?
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