The Real Thing
British artist Damien Hirst is hawking 10,000 nonfungible tokens ( NFTs ), each redeemable for one of his cherry blossom prints , according to The New York Times . “NFTs are the most exciting new thing in the creative industry,” Hirst told the paper. “The fact that they polarize people so much, and make so many people angry, just makes me even more sure of their importance.” Hirst enjoys a history of minting money. Eleven years ago, he sold a diamond-studded skull to an investment group for $100 million. Hirst’s 10,000 prints have been in storage for five years. Whether they’ll sell like hotcakes remains to be seen. The financial market is skeptical, in general, about the short- and long-term value of NFTs. Control 862. Damian Hirst. Like tulips , they may ultimately become worthless, analysts say. But, with Hirst’s tokens, investors at least know they can redeem them for one of his prints. Hoping to cash in on the hysteria, other artists have resorted to selling NFTs in ...