Attention, NFT enthusiasts! You have two days to take action and claim your piece of artwork by Damien Hirst.
The clock is ticking! In just two days, the artworks linked to 'The Currency' by Damien Hirst will be destroyed.
“ The Currency This collection, known as 'The Currency', represents Hirst's first venture into the NFT realm. Back in 2016, he began crafting 10,000 original physical pieces. Eventually, he teamed up with HENI, a tech-savvy art organization, to translate these creations into NFTs. By July 2021, 'The Currency' tokens were minted on the Palm blockchain, directly tied to the corresponding physical artworks.
NFT holders have had an entire year to make a choice: either exchange their NFTs for the physical artworks or retain the digital tokens. As of now, just 3,620 have opted for the physical pieces, meaning that if the remaining 6,380 NFT holders don't act, those hand-drawn artworks will meet their end.
The final date to claim these artworks is July 27 at 3 PM BST. After this deadline, NFT owners will not have the option to trade their digital assets for the tangible artworks. Those wishing to retain their NFT versions can simply sit tight without further actions needed.
According to the project's website, 'the collector must choose between holding onto the digital NFT or receiving the physical artwork; there's no option to keep both. This choice is irreversible, so weigh your options wisely.'
Currently, the physical artworks are held securely in a confidential vault within the UK. Notably, a special exhibition will be hosted by HENI and Damien Hirst showcasing the pieces before their inevitable destruction.
At this moment, the lowest price for 'The Currency' NFTs stands at about 5.13 ETH, which translates to roughly $7,700 at the current exchange rate. So far, an impressive 21.5K ETH has changed hands with these NFTs.
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