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One-Pager Pak’s Lost Poets Drop

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One-Pager Pak’s Lost Poets Drop

Simpler, Deeper, and More Beautiful Than You Realize

ShortsHoward
Sep 2, 2021
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One-Pager Pak’s Lost Poets Drop

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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

Twitter avatar for @muratpak
Pak @muratpak
I present you @poetslost
lostpoets.xyz[LOSTPOETS]∴ AB AETERNO
4:10 PM ∙ Sep 1, 2021
489Likes122Retweets

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

  1. 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

  1. 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

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One-Pager Pak’s Lost Poets Drop

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One-Pager Pak’s Lost Poets Drop

shortshoward.substack.com
Christian
Writes Christian’s Substack
Sep 4, 2021Liked by ShortsHoward

Thanks for the overview! What’s the discord server you took these screenshots from?

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