Damien Hirst Burns $10 Million Live as Part of NFT Project
Damien Hirst. Source: damienhirst / Instagram English artist and art collector Damien Hirst completed his year-long non-fungible token (NFT) project by starting the burn of $10 million worth of his physical artwork. Hirst burned a part of the unclaimed physical artworks at his London gallery this Thursday during a live stream. Asked how he felt while burning his works, Hirst was quoted by BBC as saying that, "It feels good, better than I expected. [...] A lot of people think I'm burning millions of dollars of art but I'm not. [...] I'm completing the transformation of these physical artworks into NFTs by burning the physical versions ." According to the entrepreneur who is reportedly Britain's richest living artist, the hard-to-define value of art is not lost through this process, but is transferred to the NFTs as soon as the physical piece is destroyed. Hirst's collection, called The Currency , was launched in July last year. Eac...