Tag: physical

NFTs may outlast physical art galleries, says famed British artist Damien Hirst

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

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NFTs are to physical art what music streaming is to vinyl records, says a crypto expert who sees a whole new social world for digital collectibles | Currency News | Financial and Business News

Digital artist FEWOCiOUS auctions 5 unique NFT works of art, along with 5 physical paintings and drawings in a collection at Christie’s in NYC.
  • Crypto art is revolutionizing how celebrities showcase and sell their work, says Wave Financial’s cofounder.
  • As vinyl records are to streaming, NFTs are to existing physical art, Les Borsai told Insider.
  • NFT innovation brings better experiences, which means their rise isn’t a bubble, the digital art expert said.
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Crypto art is opening up a whole new world of creativity

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