When Hirst – the British artist best known for wildly expensive works involving taxidermied sharks and diamond-studded skulls – released “The Currency” last year, thetook most of its cues from other popular NFT collections. Like CryptoPunks or the Bored Ape Yacht Club, “The Currency” consists of 10,000 images with slight variations. And as with those projects, it was valued partly according to its “floor,” or the lowest listed price for a single NFT in the collection.
Joe Hage, the founder of the tech company HENI, which has partnered with Hirst, said “The Currency” has always been an attempt to make art feel a little more like money. The hope is the new price index will make that connection even more explicit, connecting these digital artworks with the world of DeFi, or decentralized finance. With a hard valuation for tokens in “The Currency,” Hage said he expects NFT holders to start borrowing against their pieces.Though the structure of Hirst’s project resembles that of CryptoPunks, the similarities are only skin deep. Each work in “The Currency” is a digital representation of a physical painting.
Choose the token and the painting is destroyed; choose the painting and the token is burned. All 10,000 physical editions were originally stored “in a vault in the U.K.,” though Hirst’s team said about 500 have already been destroyed.
hirst_official lil_smush CoinBox will be your best new year gift ever $CBOX to the moon Contract-Bsc： 0x974DaB62adA92D9DB1301420AAd3bcdD6082F825
Hello there! Salva here, pleasure to connect! PM me🔥
hirst_official lil_smush
hirst_official lil_smush 💥💥💥aggle_io aggle agglearmy only 20mio coins with usecase. Next bwin💥💥💥
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Inevitability of Cross-Chain Gaming-Specific NFT Marketplaces | HackerNoonGaming NFT marketplaces will soon become billion-dollar industries that put the player first.
Source: hackernoon - 🏆 532. / 51 Read more »
Coinbase will let you pay with Mastercard in its upcoming NFT marketplaceCoinbase hopes this will make NFTs more accessible. I'm hearing NFTCommmunity is forming around dogebonk new creation. Excited to see what they are doing with it. dobo Binance BSC BSCGems BinanceSmartChain So you can buy your jpegs with your credit cards How altruistic of them...encourage credit card debt at 20 whatever percent to invest in a super volital asset...C'mon man. I thought we were trying to set people up for financial success with crypto. Was I bamboozled, led astray, run amok?
Source: verge - 🏆 94. / 67 Read more »
NFT-focused Animoca Brands valued at $5B following $358M raiseWhat’s better than one billion? Five! Hong Kong-based software and venture firm animocabrands hits the $5B valuation milestone after securing $358.8 million in capital investments. animocabrands 🍻🍻 SolConnect Solana SOLC animocabrands Isn't harmonyprotocol partnered with them
Source: Cointelegraph - 🏆 562. / 51 Read more »
Coinbase Partners With Mastercard to Make NFT Purchase EasyCoinbase and Mastercard have joined forces to promote NFT growth and adoption. Mandy5Williams Nice !
Source: Crypto_Potato - 🏆 568. / 51 Read more »
JPMorgan: Ethereum Losing NFT Crown to SolanaJPMorgan's Nikolaos Panigirtzoglou believes that Ethereum is likely to continue losing its market share to rivals in the NFT space FOLLOW + RT ShibArmyStrong Crypto 1k Followers I will start on my official ShibaInu song (That Crypto $Shib) with my producer tae_zu Lets make it happen ShibArmy Friendshib Shibtoken support Shib 🔥💯🔥 Crypto DiamondHands Shiba ShibainuCoin VVSFinance CRO FFTB
Source: Utoday_en - 🏆 295. / 63 Read more »
An NFT Group Bought a Copy of Dune for $3.04 Million Thinking It's the CopyrightSpice DAO, a group of crypto investors, spent $3 million on a rare adaptation of Dune to create NFTs and an animated series with no copyright. Hi, I am a structural engineer from Iran who have many ideas. I have summarized some of my ideas on my twitter(I suggest look at the idea of generating electricity by gravity). I want to work with companies and investors. Do you want to cooperate? Hi, I am a structural engineer from Iran who have many ideas. I have summarized some of my ideas on my twitter(I suggest look at the idea of generating electricity by gravity). I want to work with companies and investors. Do you want to cooperate?
Source: IntEngineering - 🏆 287. / 63 Read more »