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Damien Hirst Is Making NFTs Now Too and Says It s the Most Exciting Work He s Made to Date

H9 - 5 Honesty, 2021. Photo: Prudence Cuming Associates. © Damien Hirst. All rights reserved, DACS 2021 Damien Hirst is jumping on the digital-art bandwagon by making his own NFTs (or non-fungible tokens) and a cryptocurrency. “It is the most exciting project I have ever worked on by far,” Hirst says in a statement, adding that he’s been working on the project in secret for five years, and that it’s been “blowing my mind.” The NFTs belong to a new body of works he calls “The Currency.” It consists of 10,000 original works on paper created five years ago and currently locked in a vault. They are “about to come to life,” says Hirst, “through their launch on the blockchain,” at which time they will exist as NFTs and a related cryptocurrency.

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Damien Hirst creates work that can be purchased with cryptocurrency

SHARE Damien Hirst has always put the intertwined relationship between art and finance at the centre of his practice. During the Young British Artists years, he set up a restaurant, Pharmacy in London, cashing in on his reputation. He publicly turned his studio into a company, Science (UK) Ltd. He showed a diamond-encrusted skull, For the Love of God (2007) with a fixed price, contrasting the material worth of the object (£14 million, or $20 million) with the amount he was selling it for (£50 million, or $70 million). So it stands to reason that Hirst would be among the first major artists to get on the cyber-currency trend that the art world is currently wrapping its collective head around.

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