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
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.
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Strategy, formerly known as MicroStrategy, acquired 1,895 Bitcoin worth $180 million last week, capping off a $21 billion at-the-money equity offering program unveiled in October, according to a filing on Monday.
The Tysons, Virginia-based firm now owns roughly 555,500 Bitcoin worth $52.4 billion, based on current prices, according to the filing with the U.S. Securities and Exchange Commission filing. Strategy’s latest Bitcoin purchase represented its smallest acquisition of the asset since the...
U.S.-based Bitcoin ETFs attracted over $1.8 billion in inflows last week, extending a positive run that began on April 17, according to data from CoinGlass.
Thursday and Friday were particularly successful for Bitcoin ETFs, with the two days bringing in $423 million and $675 million, respectively.
Friday’s total was the seventh-highest of the year, while data from CoinShares shows that BTC ETF inflows outstripped their Ethereum counterparts by a factor of more than 10:1.
CoinShares’ Digital Ass...
World, formerly Worldcoin, has been hit with a suspension by Indonesian regulators, who allege the blockchain start-up may have committed a “serious violation” of its regulations.
Led by Sam Altman, CEO of ChatGPT creator OpenAI, World offers users small payments of its crypto token (WLD) in exchange for scanning their biometric data via one of its Orb devices.
Alexander Sabar, Director General of Digital Space Supervision, said the suspension was due to reports of “suspicious activity” by the p...