What is more valuable, a physical or digital work of art? Damien Hirst is presenting his first exhibition in London on Friday with NFT, those digital reproductions that are rocking the art market, during which the Brit will burn his own paintings.
At the Damien Hirst Gallery in south London, more than 5 meters high panels show 10,000 paintings by the 57-year-old artist on A4 sheets. Multicolored dots as far as the eye can see. And on the back of the sheets is the title of the work: handwritten phrases taken from the artist’s favorite songs. “Dead Bird”, “Now I See It”, “Spend Like a Millionaire”, etc. Upstairs in the gallery, six fireplaces are just waiting to be used.
The works date back to 2016, but only two years later the Currency project began to take on its current form. Damien Hirst, one of the most popular artists in the world, then conceived his first NFT project.
An acronym for “Non-Fungible Token”, NFT stands for “non-fungible token”, i.e. irreplaceable and therefore unique. Specifically, it is a theoretically unforgeable digital certificate of authenticity registered on a “blockchain” (block chain), just like cryptocurrencies. NFTs have been breaking into the art world for several years now.