Last year, artist Damien Hirst sold $20 million dollars worth of art tied to NFTs. That was 10,000 sales at $2,000 each. Hirst then gave buyers the option of receiving a physical piece, or an NFT representing it. 4,851 people chose the latter, and now, Hirst is destroying the physical works associated with their NFTs.

This is very stupid! These people paid Damien Hirst $2,000 to burn a painting. Fine, fine, and also to provide them with a meaningless digital asset. Still, let’s all try to be better than this.