Renowned British artist Damien Hirst will burn thousands of his paintings as part of his year-long NFT project The Currency. From September, visitors to Hirst’s private London museum will be able to see some of his 10,000 paintings, which he created in 2016 and linked to NFT last year.
The floor price for these NFTs is $2,000, and buyers can choose to keep the NFT or exchange it for physical paintings. For those who choose to keep the NFT version, the original painting will be burned. The deadline for decisions is July 27.
The data showed that 4,851 people wanted their paintings to be burned in exchange for a digital version of the NFT, while 5,149 collectors chose to exchange their NFT for a physical version.
The artworks will be burned every day during the event, which begins on September 9, and will eventually close during the London Frieze Week event in mid-October, when all remaining paintings will be destroyed. Damien Hirst has been declared the UK’s richest artist in 2020, with a net worth of over $380 million.
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