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Damien Hirst shares a glimpse of new coffee artwork

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

Could this be the most expensive cup of coffee ever?

The richest artist in the world, Damien Hirst, worth £315 million, has shared a glimpse of a new work of art, a cappuccino with an image of the 57-year-old and his ex-ballerina girlfriend Sophie Cannell, 28, in his milk foam.

According to Richard Eden of the Daily Mail, Hirst will burn thousands of his famous polka dot paintings next month in a project that focuses on art as a means of payment.

Buyers who spent £1,600 on the physical art were given the opportunity to see their investment set on fire 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, which acts as a digital certificate of ownership and authenticity.

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

The world's richest recording artist, Damien Hirst (left), has shared a glimpse of a new work of art, a cappuccino with the 57-year-old and his ex-ballerina girlfriend Sophie Cannell (right), 28 pictured in his milk froth.  in the White Cube gallery

Could this be the most expensive cup of coffee ever?

The richest artist in the world, Damien Hirst (left of both photos), has shared a glimpse of a new work of art, a cappuccino (right photo) featuring the 57-year-old and his ex-ballerina girlfriend Sophie Cannell (right of both photos) in milk foam. , 28

He created 10,000 unique dot paintings in 2016, which were later linked to corresponding NFTs and sold for $2,000 (£1639) each.

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

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

The alternate versions are destroyed.

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

His Love: Damien is said to be in love with Sophie, who appears with him on the coffee artwork, but despite him giving her a diamond ring, they are not engaged

His Love: Damien is said to be in love with Sophie, who appears with him on the coffee artwork, but despite him giving her a diamond ring, they are not engaged

Most NFTs use blockchain – the decentralized military first used by bitcoin to track ownership of the cryptocurrency – to record who they belong to 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 GBP or 1,628.43 USD.

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

Better times: Damien's love life prior to Sophie included his long-term 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 prior to Sophie included his long-term 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 posh Chiltern Firehouse, where she used to work as a waitress.

Damien’s love life prior to Sophie included his long-term 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 called her 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 that verifies its ownership and authenticity and is permanently attached to the piece.

How do they look like?

Most NFTs contain some sort of 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 by blockchain-powered marketplaces such as Nifty Gateway, Opensea, and Rarible.

Why would I want to own one?

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

When were NFTs created?

Writer and podcaster Andrew Steinwold traced the origins of NFTs to 2012, with the creation of the cryptocurrency Colored Coins. But NFTs didn’t become mainstream until five years later, when the blockchain game CryptoKitties started selling virtual cats in 2017.

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