Famed contemporary artist Damien Hirst told CNBC on Wednesday he believes in the staying power of nonfungible tokens, or NFTs, the blockchain-based digital collectibles that soared, then sank, in popularity this year.
“You look at what’s happening in NFTs, and you can kind of see the galleries disappearing before you see the NFTs disappearing,” Hirst said on “Squawk Box,” where the British artist discussed his NFT collection called “The Currency.”
That project features 10,000 NFTs, with each corresponding to their own distinct works of physical art. The NFTs cost $2,000 apiece. But the twist: Their eventual owners have one year