Damien Hirst sells virtual work based on 10,000 works of art on paper with a digital certificate

   2021-03-13 09:03

Damien Hirst sells virtual work based on 10,000 works of art on paper with a digital certificate of authenticity (but will he earn as much as Beeple who made £ 50 million using the same technology?)

  • The artist, 55, said his art project challenged the concept of value through money
  • Under the name ‘The Currency’ it will be based on 10,000 different works of art on paper
  • The works will exist as non-replaceable tokens (NFTs), which are digital files verified by blockchain technology


British artist Damien Hirst is set to sell a work of art using the same technology that brought American maker Beeple nearly £ 50 million ($ 69.3 million) this week.

The 55-year-old, who will sell his work with a digital certificate of authenticity to verify it, said his new ‘secret art project’ challenged the concept of value through money and art.

Called ‘The Currency’, it will be based on 10,000 different works of art on paper created five years ago and then stored in a safe.

The 55-year-old, who will sell his work with a digital certificate of authenticity to verify it, said his new 'secret art project' challenged the concept of value through money and art.

The 55-year-old, who will sell his work with a digital certificate of authenticity to verify it, said his new 'secret art project' challenged the concept of value through money and art.

The 55-year-old, who will sell his work with a digital certificate of authenticity to verify it, said his new ‘secret art project’ challenged the concept of value through money and art.

The works will exist as non-replaceable tokens (NFTs), digital files verified by blockchain technology, a digital ledger also used in cryptocurrency such as Bitcoin.

They are known to some as the future of digital art, as they allow collectors to purchase works that do not have a physical component.

Mr. Hirst said: “Over the past three years, the project has expanded to blockchain and NFTs.

‘I made them all 5 years ago, and they are in a safe but about to come to life with their launch on the blockchain. They also exist as NFTs and a related cryptocurrency.

Mr. Hirst (photo) said: ‘Over the past three years, the project has expanded to blockchain and NFTs’

The whole project is a work of art, and anyone who buys ‘The Currency’ will participate in this work. It’s not just about owning it. ‘

It reflects a move by Beeple – aka Mike Winkelmann – who sold a collage this week for $ 69.3 million after the bidding opened for just $ 100 on February 25.

Titled ‘Everydays: The First 5000 Days’, the single jpeg digital image file, sketched every day for over 13 years, became the third highest-rated purchase ever from a living artist.

The buyer, known as MetaKovan, said, “When you think of high-quality NFTs, this one is going to be pretty hard to beat.”

Hirst also recently announced that he has completed a digital sale worth more than £ 16 million ($ 22.4 million) for limited edition Japanese cherry blossom prints. Hirst was one of the first artists to accept cryptocurrency – either Bitcoin or Ether – for the works.

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