Currency NFT Burn Window Closes This Morning

Currency NFT Burn Window Closes This Morning

The burn window for Damien Hirst's "The Currency" NFT will close this morning at 10:00 a.m., ET.

Through the project's burn mechanic, Currency NFT holders have the option to either burn their NFT in order to receive a physical print or hold the NFT through the window and retain the NFT. The physical prints were created in 2016 by Hirst and correspond to the NFT artworks.

When a collector chooses to hold their Currency NFT through the closing of the burn window, the corresponding physical print will be burned by Hirst at an upcoming exhibition that will be held on September 9 at the Newport Street Gallery in London. During the exhibition, Hirst also has plans to launch "The Currency Chronicles," which will be "a publication outlining the community experiences of the first phase of the project."

Of the 10,000-piece collection, nearly half (4,962) of the supply has been burned as of the time of writing. Burn frequency is picking up as we approach the deadline, with 33 NFTs having been burned in the last 30 minutes alone.

The project's floor price is also on the move in the hours leading up to the burn deadline with the floor price currently sitting at 5.69 ETH. Over the past 24 hours, the floor price has been volatile, hitting a low of 5.08 ETH and high of 6.59 ETH over that timeframe as collectors participate in price discovery following the reduction in the collection's size.

More about Damien Hirst - The Currency

The Currency is a collection of 10,000 NFTs on the Palm blockchain by popular contemporary artist Damien Hirst. The NFTs also have 10,000 physical companions, stored in a vault in the United Kingdom. Collectors could either chose to retain the NFT version of Hirst's art, or burn the NFT to receive a corresponding physical artwork. The "burn window" closed on July 27, 2022 and around half of the supply was burned.

At the time of publish, the Damien Hirst - The Currency floor price sits at 4.3 ETH, and has stayed relatively flat over the past 24 hours on 0 ETH volume of transactions. Over the last 30 days, 1 sharp wallets have sold 1 NFTs and 2 sharp wallets have bought 2 NFTs in the Damien Hirst - The Currency collection. Catch up on other recent Damien Hirst - The Currency news here.

Recent Damien Hirst - The Currency Sales

#7861sold at 11/29 8:11pm for
#4797sold at 11/29 7:11pm for
#5562sold at 11/29 6:11am for
#7282sold at 11/28 2:11pm for
#9591sold at 11/28 1:11am for

Recent Damien Hirst - The Currency Listings

#1215listed at 12/02 10:12am for
#1215listed at 12/02 10:12am for
#8931listed at 12/02 4:12am for
#8931listed at 12/02 4:12am for
#3446listed at 12/01 10:12pm for
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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