Non-fungible tokens – usually shortened to NFTs – have gained further credibility as an artistic medium after Damien Hirst burned hundreds of his artworks because their owners preferred to own them as NFTs.
The buyers were told they could choose to own their artworks as either NFTs or in physical form. To dispose of the physical artworks Hirst donned a silver metallic boiler suit and set them alight in a fire box. Their worth has been estimated to be as much as £10 million.
