Damien Hirst gives an insight into new coffee artworks

Art’s enfant terrible Damien Hirst shares insight into new coffee artwork ahead of plans to burn thousands of paintings for new project

Could this be the most expensive cup of coffee ever?

World’s richest artist Damien Hirst, who is worth £315million, has taken a look at a new work of art, a cappuccino that features in its milk froth the 57-year-old and his ex-ballerina girlfriend Sophie Cannell, 28.

According to Daily Mail’s Richard Eden, Hirst is set to burn thousands of his famous dot paintings next month in a project focused on art as currency.

Buyers who spent £1,600 on the physical art had the option to burn their investment in exchange for a digital version known as a Non-Fungible Token (NFT).

An NFT is a unique computer file encrypted with an artist’s signature that acts as a digital certificate of ownership and authenticity.

They probably needed something stronger than coffee after making that decision.

Could this be the most expensive cup of coffee ever?

World’s richest artist Damien Hirst (left of both images) has glimpsed a new work of art, a cappuccino (right image) containing in its milk froth the 57-year-old and his ex-ballerina girlfriend Sophie Cannell (right ) represents both images), 28

He created 10,000 unique Dot paintings in 2016 which were later linked to corresponding NFTs and sold for $2,000 (£1,639) each.

Buyers could keep the NFTs or trade them in for the physical artwork.

4,180 people chose to exchange their NFT for a physical work of art, and 5,820 kept their NFT, reported Heni, a technology company focused on the art market.

The alternative versions will be destroyed.

In recent years, NFTs have been embraced by people looking to turn art, music, video and games into digital assets — and have been hailed as the digital answer to collectibles.

His love: Damien is said to be infatuated with Sophie, who appears with him on the coffee artwork, but although he gives her a diamond ring, they are not engaged

His love: Damien is said to be infatuated with Sophie, who appears with him on the coffee artwork, but although he gives her a diamond ring, they are not engaged

Most NFTs use blockchain — the decentralized league first used by Bitcoin to track cryptocurrency ownership — to record who owns them and allow them to be traded or modified.

Most NFTs are part of the Ethereum blockchain – Ethereum is a cryptocurrency and one coin is worth £1,285.04 or $1,628.43.

Damien is said to be infatuated with Sophie, who appears with him on the coffee artwork.

Better times: Damien's love life before Sophie included his longtime girlfriend Maia Norman, with whom he shares three sons - at the UK premiere of Disney/Pixar's Finding Nemo in 2003

Better times: Damien’s love life before Sophie included his longtime girlfriend Maia Norman, with whom he shares three sons – at the UK premiere of Disney/Pixar’s Finding Nemo in 2003

It was previously reported that the couple met at the chic Chiltern Firehouse, where she used to work as a waitress.

Damien’s love life prior to Sophie included his longtime girlfriend Maia Norman, with whom he shares three sons.

The former couple are parents to Connor Ojala, 26, Cassius Atticus, 21, and Cyrus Joe, 16.

Although he never married Maia, he referred to her as his “common-law wife”.

After the birth of his eldest child Connor, the artist spent much of his time in a remote farmhouse near Combe Martin in Devon.

What are NFTs?

What is an NFT?

A Non-Fungible Token (NFT) is a unique digital token encrypted with an artist’s signature, certifying its ownership and authenticity and permanently associated with the piece.

How do you look?

Most NFTs contain digital artwork such as photos, videos, GIFs, and music. In theory, anything digital could be converted into an NFT.

where do you buy them

Currently, NFTs are most commonly sold in so-called “drops,” timed online sales through blockchain-powered marketplaces such as Nifty Gateway, Opensea, and Rarible.

Why would I want to own one?

There are a number of reasons someone would want to buy an NFT. For some, the reason may be emotional value, as NFTs are considered collectibles. For others, they are viewed as an investment opportunity similar to cryptocurrencies as the value could increase.

When were NFTs created?

Author and podcaster Andrew Steinwold traced the origins of NFTs back to 2012 when the cryptocurrency colored coins was created. But NFTs didn’t hit the mainstream until five years later, when blockchain game CryptoKitties began selling virtual cats in 2017.

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