$85,197.00
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2.12%$48.67
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6.66%$22.80
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0.15%$254.62
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0.08%$0.180307
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6.95%$27.09
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0.09%$0.500515
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0.01%$1.097
0.03%$1,972.44
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0.00%$84,419.00
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6.42%$22.85
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0.73%$0.003441
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1.40%$0.22583
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-6.90%Reading
Damien Hirst—the British artist known for his preserved shark piece, The Physical Impossibility of Death in the Mind of Someone Living—has said he’s now taking BitcoinBitcoin and EthereumEthereum as payment for a new run of prints.
“For the first time, I’m accepting Cryptocurrency for payment,” he wrote on Instagram. “It’s hard for any of us to trust anything in this life but somehow we manage it and we even find love and I love art and I love the crypto world and I am happy and proud to put my belief into Bitcoin (BTC) and Ether (ETH) and accept them for this drop.”
And though you can pay for them in crypto, these pieces are very much not “crypto art”—the eight prints represent different takes on cherry blossoms, inspired by the eight virtues of bushidō, the samurai code. They cost $3,000 a pop, and they’re only on sale until March 3.
I've made eight cherry blossom prints called The Virtues with @HENIGroup. For the first time I'm accepting Cryptocurrency for payment! You can buy them via the link below. Available until 23:59 PST Wednesday 3rd March. https://t.co/Jcn6z78Y54
— Damien Hirst (@hirst_official) February 26, 2021
The Physical Impossibility of Death in the Mind of Someone Living put Hirst on the map in the 90s, and though he’s been producing less important work over the years, his art remains polarizing as ever; a 2017 exhibition in Venice was met with both raves and pans.
The big story at the proverbial “intersection of art and technology” over the past few months has beenNFTs (non-fungible tokens): cryptographically secured assets that can put any sort of digital art on the Ethereum blockchainblockchain. According to a report from the blockchain analytics firm NonFungible, the market grew by 2800% last year.
Earlier today, musician and visual artist (and girlfriend to billionaire Elon Musk) Grimes sold a collection of NFTs for over $6 million.
Musician and visual artist Grimes has sold a collection of NFTs for over $6 million. NFTs are non-fungible tokens—cryptographically secured collectables that can be anything, but that have become a popular (and lucrative) medium for visual art. You buy them with Ethereum through Ebay-esque marketplaces like Zora, Foundation, and NiftyGateway. The NFT art market has exploded within the last year. According to a report from Nonfungible.com, the market grew by 2,800% in 2020 and is now valued at n...
And while NFTs are typically online images and animations, physical artworks can come with NFT components too. In October, Christie’s sold a Bitcoin-themed piece with an accompanying NFT for $131,000.
For now, though, Hirst’s prints remain off-chain.
France-based public investment bank Bpifrance announced Thursday plans to invest $27 million (€25 million) directly into tokens and decentralized technologies in an effort to “strengthen the French blockchain ecosystem.” Announced during a blockchain-focused event in Paris, the bank’s investment seeks to accelerate its “digital asset investment strategy” by bolstering French crypto startups and assisting the local venture capital players in Web3. “We are convinced of the growing importance that...
Tether revealed Thursday it is investing in a pair of firms unrelated to the crypto industry, continuing an investment spree that has only intensified since the company reported record profits earlier this year. The El Salvador-based company snapped up 49,596,510 shares of Latin American-focused agricultural firm Adecoagro, growing its stake in the business to 70%, according to an SEC filing published Thursday. "Our investment aligns with Tether's broader strategy to back infrastructure, techn...
GameStop’s announcement on Wednesday that it would sell convertible debt to buy Bitcoin and bolster its balance sheet seems contrary to its past approach to digital assets. In recent years, the video game retailer debuted an ill-fated NFT platform and sold large quantities of IMX, the native token of Ethereum layer-2 network Immutable X. GameStop now appears to be following the path of Bitcoin hodler Strategy, saying it will offer $1.3 billion worth of convertible senior notes and potentially u...
