The British artist claims that NFTs are making a difference in the world but not in the quick-and-easy way media outlets report.
Damien Hirst is a well-known contemporary artist. He was about to drop 10,000 NFTs that were tied to his physical paintings.
Andrew Thurman, Cointelegraph’s London studio owner, asked Hirst a series of questions. Hirst opened one of the boxes that contained hundreds of sheets from his The Currency artwork collection, and read a sentence from the back. Although the immediate answers weren’t always on point, they were often not off-topic. Is Satoshi really a cliche. The artist continued to laugh at the absurdity and voice his opinions on art and money.
Hirst stated that people believe money is valuable because it has “a little advantage with art.” This argument is similar to the one many critics have used to argue about social media pumps, dumps, and tokens. Some prices rise only because of high-profile figures driving inflated values, i.e. Giving a project some pizazz. Although he said that he would love it if someone could use his Currency artwork as currency, despite its nonfungible token value, he believes that most people will prefer to keep the actual painting. He believes that technology will eventually revolutionize the art world.
Hirst stated, “I just saw [NFTs] like a really incredible thing.” “I saw it as the invention of paper.”
“We live in a world that allows you to have artworks and prints and editions. Now it seems you can also have NFTs with NFTs. I believe it’s changing our world and will continue to change it.”
Hirst created The Currency’s physical paintings in 2016 long before most in the crypto and art world knew about nonfungible tokens (NFTs). Hirst plans to let art lovers purchase each “Tender”, a high resolution photo of one of 10,000 unique paintings with a pattern made of colored dots, for $2,000 and give them the option to either keep or trade the NFT for the physical version.
The British artist was not shy in expressing his opinions on creators keeping control of their work. He also expressed frustration at apps like iTunes taking over from musicians. He said that NFTs allow artists to own their creations.
Hirst stated that you can have something digital and it can be yours.