Scary naughty artist Damien Hirst shares a glimpse of a new coffee artwork before planning to burn thousands of paintings for a new project
Could this be the most expensive cup of coffee ever?
Damien Hirst, the world’s richest artist, worth £315m, has shared a glimpse of a new artwork, a cappuccino that depicts in milk foam the 57-year-old and his ex-girlfriend ballerina Sophie Cannell, 28.
According to Richard Eden of the Daily Mail, Hearst will burn thousands of famous bitmap paintings next month in a project focused on art as currency.
Buyers who have spent £1,600 on physical art have been given the option to see their investment burnt in exchange for a digital version known as a non-foldable token, (NFT).
NFT is a unique computer file encoded with the artist’s signature, which serves as a digital certificate of ownership and authenticity.
Perhaps they needed something stronger than coffee after making that decision.
Damien Hirst, the richest artist in the world (both photos left), has shared a glimpse of a new artwork, a cappuccino (right photo) depicting in milk foam the 57-year-old and his ex-girlfriend ballerina Sophie Cannell (right from both photos), 28
He created 10,000 unique dot panels in 2016, which were later linked to corresponding NFTs and sold for $2,000 (£1,639) each.
Buyers could keep the NFTs or exchange them for physical artwork.
Heni, a technology company focused on the art market, reported that 4,180 people chose to replace NFT with physical artwork, and 5,820 people retained NFT.
Alternate versions have been corrupted.
In the past few years, NFT has been adopted by people seeking to turn art, music, video and games into digital assets It has been hailed as the digital answer to collectibles.
His love: Damien is said to be surrounded by Sophie, who appears in the artwork for coffee with him, but despite giving her a diamond ring, they are not engaged
Most NFTs use the blockchain – the decentralized trading tool Bitcoin first used to keep track of cryptocurrency ownership – to register who owns it and allow it to be traded or modified.
Most of the NFTs are part of the Ethereum blockchain – Ethereum is a cryptocurrency and one coin is worth 1,285.04 GBP or 1,628.43 USD.
Damien is said to be surrounded by Sophie, who appears to do coffee with him.
Better times: Damien’s love life before Sophie included his longtime girlfriend Maya Norman, with whom he shares three sons – at the 2003 Disney/Pixar’s Finding Nemo premiere
It was previously reported that the couple met at the luxurious Chiltern Firehouse, where she used to work as a waitress.
Damien’s love life before Sophie included his longtime girlfriend Maya Norman, with whom he shares three sons.
The former couple are parents to Connor Ogala, 26, Cassius Atticus, 21, and Cyrus Joe, 16.
Although he never married Maya, he referred to her as his “common-law wife”.
After the birth of his eldest child, Connor, the artist spent most of his time on a remote farm near Comp Martin in Devon.
What are NFTs?
What is NFT?
A Non-Fungible Token (NFT) is a unique digital token that is encrypted with the artist’s signature, verifies its ownership and authenticity, and is permanently associated with the piece.
How do they look?
Most NFTs include some nice digital artwork, such as photos, videos, GIFs, and music. In theory, anything digital can be converted to NFT.
Where do you buy them?
Currently, NFTs are more commonly sold in so-called ‘drops’, timed sales online through blockchain-backed marketplaces such as Nifty Gateway, Opensea and Rarible.
Why would I want to own one?
There are a bunch of reasons why someone might want to buy an NFT. For some, the reason may be sentimental value, because NFTs are seen as collectors’ items. For others, it is seen as an investment opportunity similar to cryptocurrencies, because the value can increase.
When were NFTs created?
Writer and podcaster Andrew Steinwald The origins of NFTs trace back to 2012, with the creation of the color cryptocurrency. But NFTs didn’t move into the mainstream until five years later, when the blockchain game CryptoKitties began selling virtual cats in 2017.