[rbt]

Damien Hirst ‘The Currency’ NFTs

Damien Hirst will launch the Palm platform with ‘The Currency Project’ launching later this year with the London-based art publisher Heni Editions.

The series of 10,000 unique oil paintings on paper created five years ago tied to corresponding NFTs. “They are in a vault but about to come to life through their launch on the blockchain.”

[Horatio Nelson]

More like face Palm.

But hey no nobody sees a bubble until it bursts etc...

[Pawel]

Mar 30, 2021 14:31:59 GMT 1 rbt said:

Damien Hirst ‘The Currency’ NFTs

Damien Hirst will launch the Palm platform with ‘The Currency Project’ launching later this year with the London-based art publisher Heni Editions.

The series of 10,000 unique oil paintings on paper created five years ago tied to corresponding NFTs. “They are in a vault but about to come to life through their launch on the blockchain.”

So the paintings will stay in the vault and people will get only the NFT?
1/1 NFT of Hirst, will be what? $10k each? If so, that would be a nice $100m

[whatsthestory]

My idea before was that it could be a crypto currency which is backed by the 10,000 artworks, in the same way that money used to be backed by gold.

By owning the tokens you own the art and the price would fluctuate with the value of the underlying asset (the art).

If it works like that then I think it's a cool different project, if it's just more normal NFTs then snore.

Either way I think Hirst will make bank from this.

[ajr]

question is, who made the 10,000 pieces!

[irl1]

Rare 2Pac Photo Taken Two Weeks Before His Death Being Auctioned as NFT

With an opening bid of $1 million USD.

hypebeast.com/2021/3/tupac-shakur-photo-taken-14-days-before-death-to-be-sold-as-nft?

[Criminal Mischief]

Very interesting concept with some major players involved, including the founder of Ethereum. Here's a full article on it:

www.theartnewspaper.com/news/nft-breakthrough-ethereum-co-founder-joe-lubin-creates-energy-efficient-blockchain-and-damien-hirst-is-its-first-artist

However, when I read about the "10,000 unique oil paintings kept in a vault" it definitely made me think of that episode of Game of Thrones where the one king claims to be the wealthiest man on the planet and then when Daenerys kills all his people and makes him open his guarded vault it's actually empty.... Yeah, that.

[theclash]

Apr 1, 2021 16:37:09 GMT 1 Criminal Mischief said:

Very interesting concept with some major players involved, including the founder of Ethereum. Here's a full article on it:

www.theartnewspaper.com/news/nft-breakthrough-ethereum-co-founder-joe-lubin-creates-energy-efficient-blockchain-and-damien-hirst-is-its-first-artist

However, when I read about the "10,000 unique oil paintings kept in a vault" it definitely made me think of that episode of Game of Thrones where the one king claims to be the wealthiest man on the planet and then when Daenerys kills all his people and makes him open his guarded vault it's actually empty.... Yeah, that.

And we will call it PyriteCoin

[Sixty Bells]

Is anyone else a bit weirded out that Hirst has had a vault full of 10,000 spot paintings for the last five years. There’s no way he could have predicted this NFT thing 5 years ago

[Arty Farty 15]

Apr 2, 2021 16:32:17 GMT 1 Sixty Bells said:

Is anyone else a bit weirded out that Hirst has had a vault full of 10,000 spot paintings for the last five years. There’s no way he could have predicted this NFT thing 5 years ago

Let’s be realistic. His hundreds of studio assistants are furiously and frantically painting circles on paper as we speak. The past seven days fall within ‘the last five years’.

The guy is a money maker and a marketer, my only worry is what this will do to his overall market. Value is based on scarcity, if everyone and their Nans postman can get a Hirst (7k+ fruitful/forever release, 7k+ cherry blossom release, 10k NFT release). Makes the Banksy Peckham Rocks look cheap...

[Charlie Bronson]

Apr 1, 2021 16:03:06 GMT 1 irl1 said:

Rare 2Pac Photo Taken Two Weeks Before His Death Being Auctioned as NFT

With an opening bid of $1 million USD.

hypebeast.com/2021/3/tupac-shakur-photo-taken-14-days-before-death-to-be-sold-as-nft?

Strange but true story. I was in Vegas for the Tyson vs Seldon fight that weekend in 1996. My brother and I were walking outside after the fight. We saw a ton of commotion, sirens, cops etc, and eventually we watched an ambulance hauling ass down the road. At the time we had no idea what was happening. Found out the next morning from a taxi driver that Tupac was shot. The ambulance we saw had Tupac in it.

[Poster Bob]

Care to tell me what you're based that statement on?

Apr 2, 2021 16:49:14 GMT 1 @cliffybyro said:

Apr 2, 2021 16:43:27 GMT 1 Arty Farty 15 said:

Let’s be realistic. His hundreds of studio assistants are furiously and frantically painting circles on paper as we speak. The past seven days fall within ‘the last five years’.

The guy is a money maker and a marketer, my only worry is what this will do to his overall market. Value is based on scarcity, if everyone and their Nans postman can get a Hirst (7k+ fruitful/forever release, 7k+ cherry blossom release, 10k NFT release). Makes the Banksy Peckham Rocks look cheap...

I may be wrong but seems like Hirst market has been quite flat/declining for some time anyway.

[Poster Bob]

I'll just quote this for posterity and advise you to buy spot prints now 😁. As I've said before he did what he needed to fix his market. He's only going one way, and that's up.

Apr 2, 2021 17:03:58 GMT 1 derivitive said:

Apr 1, 2021 15:40:54 GMT 1 whatsthestory said:

My idea before was that it could be a crypto currency which is backed by the 10,000 artworks, in the same way that money used to be backed by gold.

By owning the tokens you own the art and the price would fluctuate with the value of the underlying asset (the art).

If it works like that then I think it's a cool different project, if it's just more normal NFTs then snore.

Either way I think Hirst will make bank from this.

I would rather burn my money than put trust in Hirst having long term value. He's like Thomas Kincaid of the current generation.