What is the project?
HENI presents The Currency, the first NFT collection by Damien Hirst. Reimagining the way NFTs are used, The Currency is a collection of 10,000s NFTs which correspond to 10,000 unique physical artworks which are stored in a secure vault in the UK. The works are now brought to life through their launch on the blockchain.
Starting with the creation of the physical artworks in 2016, The Currency explores the boundaries of art and currency - when art changes and becomes a currency, and when currency becomes art. Successful applicants will all initially receive NFTs. Ultimately, you have to decide between the digital NFT or the physical artwork, both of which are artworks in their own right. Whichever you pick, the other gets burned.
The collection is on the Palm blockchain, which is a new token-powered ecosystem for NFTs connected to Ethereum. It is 99% more energy-efficient than proof of work systems such as Ethereum or Bitcoin. It also has low gas costs and fast transaction finality.
The collector decides how to use their art/currency. Keep it, trade it, change it, use it, enjoy it.
How did the application process work?
Beginning on July 14th and lasting through July 21st, applicants were able to complete an application to take part in The Currency. If their application was successful, or partially successful, they would have been able to purchase the NFT.
Can I still purchase a The Currency NFT?
Applications for The Currency on HENI were only open for a limited time. The application period has since closed- meaning, you will no longer be able to purchase The Currency NFTs directly from HENI anymore.
This is where Nifty's marketplace comes in! If an applicant was able to acquire a The Currency NFT and is looking to sell, you can begin that process directly on the NFT of interest.
Where can I purchase a The Currency NFT?
You'll be able to purchase if a seller decides they want to sell it. The option will present itself on our marketplace along with the option to "make an offer".