The artist on the blockchain: Damien Hirst
The blockchain belongs to everyone. For some years now, this tool has been used to sell works of art and become owners of real collections. In 2021 there was a boom in non-fungible tokens and a bidding war took place on the various auction platforms. Artists of all kinds, singers, illustrators, and even amateurs have created or inserted their works to satisfy the taste of the public and investors. The blockchain technology that allows you to certify a work has not only appealed to ordinary people. Even high-caliber artists have wanted to have their say or have decided to show off. For some, it is the fashion of the moment, but for others, it is the occasion that will ignite the future.
And that’s what Damien Hirst wanted to do. The famous English artist, famous for his dots and the use of animals, this year has decided to embark on the NFT world. And he was welcomed with open arms. If you don’t know Damien Hirst, let us introduce you to the artist and what he wanted to achieve in the world of certified digital works.
Who is Damien Hirst?
Damien Steven Hirst is an English artist, entrepreneur, and art collector. He is the richest British actress, with an estimated wealth of $ 384 million in 2020. Death is at the center of his works, in fact there are caged animals such as sharks and doves. Butterflies and insects are also used to create hallucinatory works. Famous are the paintings with colored dots. Hirst has exhibited all over the world: New York, Rome, London and Los Angeles, to name a few. Hirst has long been recognized as the founder of a new British art movement. His works also represent a social criticism, in the weakness and strength of what this represents. For this, the artist was also widely criticized in a negative way.
The Currency project
In March 2021 he noted how NFTs are able to empower artists around the world, giving them even more freedom. According to him, the works of art on the blockchain are “the new invention of paper”. The Currency project was born from the idea of perfecting his works. Hirst began 25 years ago to create works with imperfect dots, making them more and more symmetrical. So he started making them perfect, but again he started making the dots in a messy way, so he could create something unique.
Damien began to make his dots on simple sheets of paper. First, he did 5,000, then he got to 10,0000. So he thought of putting these works in the blockchain and turning them into NFT (non-fungible token). But not only that, his project has a unique particularity: the buyers have to choose.
The peculiarity of the currency
Any lucky person who has purchased one of the 10,000 copies of Hirst’s dot works through Ethereum will have to decide whether to keep the digital or physical version. Let me explain: Hirst decided, for his project, to create physical versions of his works.
Those who have bought the NFT, therefore the digital version, will be able to keep it and consequently, the physical work will be destroyed. Or they will be able to receive the artist’s sheet at home and, then, the NFT will be deleted from The Palm blockchain. A courageous choice that we could only expect from an artist of his caliber. We remind you that each work is numbered and signed by the author.
The (sustainable) Currency
The participations in the purchase were open from 14 to 21 July and those chosen had seven days to complete the purchase. From July 29, everyone could choose which type of work to receive and ultimately was rewarded. Another unique feature of Hirst’s project addresses the energy consumption issue of the blockchain. In fact, it uses the Palm blockchain which is 99% more energy-efficient than Ethereum or Bitcoin.