Crypto Stories

English Artist Damien Hirst Inaugurates Chainlink (LINK) Price Index for “The Currency” NFT Collection

By Gitumani Talukdar
Published January 19, 2022 Updated February 2, 2022

Damien Hirst launches his 1st non-fungible token (NFT) collection. His NFT is reportedly getting a staunch price index of Chainlink. Chainlink (LINK) is a famous cryptosystem & data provider. Hirst Damien Steven – English artist, entrepreneur, and art collector publicized “The Currency” in 2021. In the last year itself, Damien’s project borrowed the majority of its key ideas from CryptoPunks or the Bored Ape Yacht Club.

Damien’s NFT, i.e., “The Currency” comprises 10,000 images with few alterations. Owing to its lowest price value per NFT, those projects received high values. Now, users will be availed of a new price index metric based on Chainlink’s mentors. Chainlink (LINK) will chiefly provide off-chain data to the crypto market, including Ethereum, Bitcoin, and other popular coins.

Hirst’s Chainlink Price Index Snaps off

Joe Hage – CEO of HENI partnered with Hirst. Joe said that since the beginning, “The Currency” has endeavored the art to appear more valuable than money.

He added, “It is all about how art is related to money and value. We must focus on how to implement art as wealth as well as a currency.” Hopefully, the new price index will make the connection more distinct. This will indirectly establish a link between digital artworks & DeFi.

An inflexible expense for tokens in “The Currency” Hage foresee NFT holders might require to borrow against their shares. Every single trade in “The Currency” is a digital illustration of a physical painting. Presently, only NFTs are saleable but until July 2022, token bearers will be required to decide whether or not to own their NFT.