One-Pager Pak’s Lost Poets Drop
Simpler, Deeper, and More Beautiful Than You Realize
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Update (Sep 6): Poets can be claimed after a 2 week period (the previous version had said Poets could be claimed starting Sunday 12 pm EST, which is not correct)
Summary: Keeping it Simple
Pages behave as mint passes. 1 Page = 1 Poet NFT (2 main NFTs)
Pages go on sale for 48 hours beginning Friday, Sep 3, 12 PM EST. Afterward, they trade on secondary
Pages sold in $ETH, not in $ASH. Will be inclusive of small buyers
Pages (and poets) will be the most affordable Pak piece on the market
Pages can be claimed for poets in the span of 2 weeks starting Sunday, Sep 5, 12 pm EST
First, Background
Who is Pak? They are anonymous creators and masters at large editions, AI/computer designs, and creations
A developer skilled at coding and digitally native designs (separate from 99% of artists)
Active in the world of digital art for over two decades
Historic: “The Fungible” NFT drop is the first NFT drop on Sotheby’s and first major NFT drop on a major auction platform in April 2021 - $16.8 million sold in 30 minutes for ~6000 NFTs (~3,100 buyers)
Created ASH from burning cubes from this drop
Pak’s first generative NFT sold at major auction (Fade at Sotheby’s in June): on-chain NFT that disappears over a year/changes each time when moved to a new wallet
Social impact: while seemingly simple, PAK works tend to create controversy and discussion
Challenges status quo: for example
Collector focused: Engages/rewards collectors big and small
Extremely generous: supports community development
Supremely clear communicator and wordsmith: keeps market engaged
Lost Poets Drop
Can claim as many as 1000 Pages in 1 transaction while only paying the equivalent gas amount of minting 1 single NFT (due to Pages being an ERC-1155 token)
Early page buyers get a 25% bonus in additional Pages minted that declines to 0%
Structured to not sell out
“Gameplan” and $ASH ecosystem connection – Poets will have a function in games
1,024 Origin Poets generated the 65,536 Poet NFTs (latents)
Poets will have 5 sources of value: 3 types of long-term value (they are all Pak 1/1s, burnable for ASH after 365 days, Poet attributes/rarity), 1 from the ability to write books/tales (or in-game use TBD), and 1 type of short term value (airdropped Origin Poets)
Additional (Nice) Details
Poets can be upgraded, they can change over time.
Look: 1024 Origin Poets are the “purebred” and iterated 64 times made up of 256 parameters -> 64 collections. AI made, parameters based on input from Pak 1/1s created
Leaderboard of top 100 Page holders (goes live immediately during the sale) will get air dropped origins
Potential Surprises?
Pages have additional uses
Complete collections of Origin Poet and 64 latents will be extraordinarily valuable
New characters and behaviors
Library of Babel is a short story narrated by a single protagonist but there are multiple groups in the library: the Editor, the Purifiers (librarians who destroy “worthless” books), the Inquisitors (searched in vain to find books to decipher the Library), the “Book-Man” (the myth that a library had once found the book explaining the library)
The Library is a universe with an “Order”: any individual who explores it by walking in a straight line will one day return to the same books. What is the universe of poets?
Lastly, security is #1 so please be sure, triple-check that the Lost Poets website is the correct one and never copy a link posted in a discord general chat. Pak will be making more snapshots and Hodl your Cubes/ASH (or any Pak NFT) is best.
“Think deeply of simple things” -Carl Friedrich Gauss
Thank you for reading and hope you enjoyed it!
If you found this article useful, feel free to leave a tip below (proceeds will be donated to a charity and/or contributed to future $ASH liquidity pools):
ETH: 0xbcbb9156f5fa29bf4bbf193f45ae8042c94e9008
Thanks for the overview! What’s the discord server you took these screenshots from?