Damien Hirst burns $10M in art: Nifty Newsletter, Oct 5–11
Racing league Formula One is positioning its brand in Web3 as it files trademark applications for "F1" covering crypto and NFTs. In this week’s newsletter, read about how the racing brand Formula One is planning to position itself in Web3 and how nonfungible tokens (NFTs) will transform betting on upcoming athletes. Check out how GameFi can provide the unemployed with a new means to earn and find out how the wealthiest British artist alive burned $10 million in artworks to complete his NFT project. And, don’t forget this week’s Nifty News featuring OpenSea adding Avalanche support and Meta....
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AMC Entertainment and renowned NFT artist Damien Hirst are airdropping NFTs to fans and collectors. AMC Theatres is planning a NFT promotion to celebrate the opening day of Sony Pictures’ Spider-Man: No Way Home at cinemas across the United States.The company is offering a limited number of up to 86,000 Spider-Man NFTs for members of its “AMC Stubs Premiere & A-List” and “AMC Investor Connect” subscriptions. Those who purchase an advance ticket for the Dec. 16 showing of the latest Spider-Man movie will be eligible for the airdrop.The collaboration between Sony Pictures and AMC....
The artist is accepting payments in currencies that will last longer than a shark in formaldehyde. Yet another fine art institution is jumping on the crypto bandwagon. British artist Damien Hirst and printmaker HENI Leviathan announced Thursday the release of a print run of eight Hirst paintings, which will be available for purchase with the cryptocurrencies Bitcoin (BTC) and Ether (ETH). According to the announcement, “For the first time, both HENI Leviathan and the artist Damien Hirst will be accepting Cryptocurrency for payment of editions, payments can be made by either Bitcoin or....
According to the British artist, NFTs are changing the world, but not always in the get-rich-quick way many media outlets report. Damien Hirst, a contemporary artist known around the world, talked about similarities and differences between artwork and fiat currency as he prepared to drop 10,000 NFTs tied to his physical paintings.Speaking with Cointelegraph’s Andrew Thurman at his London studio in May, Hirst answered questions in a magic 8-ball fashion, by opening up one of the boxes containing hundreds of sheets of his The Currency artwork collection and reading a sentence off the back of....
"The Currency" is the name given to Hirst's NFT project which examines the value of digital art versus physical art. Britain’s wealthiest living artist, Damien Hirst, has started setting fire to millions of dollars worth of his own artworks as part of his nonfungible token (NFT) project called “The Currency.”During an Oct. 11 live stream of his London gallery at 12:30pm local time, Hirst burned hundreds of his own “The Currency” artworks, ensuring that they exist only in the form of an NFT moving forward.“The Currency” is the name given to Hirst’s first NFT collection which dropped last....
Almost half of the buyers of Hirst’s “The Currency” collection wanted to keep the NFT version. The United Kingdom's reportedly richest living artist, Damien Hirst is set to burn thousands of his paintings as part of a year-long nonfungible token (NFT) project called “The Currency.”Starting in September, visitors to Hirst’s private London museum will be able to view some of his 10,000 oil paintings depicting unique dots he created in 2016 and linked to NFTs in 2021.Buyers of the $2,000 floor-priced NFTs were given the option to keep the token or trade it for the physical painting. The....