Pak -- NFT mastermind
Giancarlo buys tokens
Source: Why this NFT masterpiece has so many people going ALL
There’s a new sheriff in town
If you’ve never heard of Pak, there’s a deep NFT rabbit-hole with your name on it, waiting to be plunged into.
He’s a pseudonymous creator, described as part Banksy, mystic guru, inventor, and game theorist. He specializes in social gamification, or creating experiences where the collector is a participant and can shape the outcome of a project.
He’s got a cult-like following on Twitter, reading through it feels like “opening a series of fortune cookies.”
The mystery and theatrics contribute to the experience he’s creating. Even if you aren’t big on it, there’s incredible stuff going on behind the scenes.
merge. is a big deal
merge. is his latest collection. It a game built around NFT’s, unsurprisingly cloaked in a veil of mystery. It’s entirely on-chain, meaning it doesn’t rely on any third parties. It will continue to exist as long as Ethereum exists.
Each NFT is simply a circle. Or perhaps a blob, blackhole, or other abstract concept. They aren’t randomly generated, the size of each one reflects how much mass the circle contains.
When this project minted, investors purchased as much mass as they wanted. All wallets received a single NFT, but more mass meant a bigger circle.
Buying these NFTs on the secondary market is where things get interesting. When you buy a merge, the circle with less mass is absorbed by the larger one. merge becomes more valuable with each secondary purchase. Every trade shrinks the available supply.
Potential returns from merge.
Play the game and hold. Over time it becomes valuable and whales may try to buy it off you.
Trade in your mass for future Pak NFTs.
Burn Pak NFTs to receive PAK’s $ASH cryptocurrency.
Although it hasn’t “turned on” yet, mass.black was created by Pak to trade in mass for NFTs.
To ensure these NFTs have some inherent value, they are able to be traded in for PAK’s $ASH cryptocurrency. The currency has shot up from $2 to $53 at its recent peak.
What’s $ASH?
It’s an ERC-20 token created by Pak to create a base layer of value for his entire ecosystem of projects. It comes into existence when someone burns one of his NFT’s at burn.art
It’s additionally valuable because Pak, and other artists in his network, will be introducing future NFT drops that can only be purchased using $ASH. Pak has also airdropped NFTs to holders of $ASH. He plans to introduce mechanics for burning $ASH, which will further increase scarcity.
So… what happens at the end?
What if one merge circle has consumed all the others? How will the game mechanics evolve? What’s the pot at the end of the rainbow?
Truth is, we don’t know. Not all of this is transparent and straightforward. Pak is big on mystery, and you have to trust Pak to deliver for this to be sensible.
Why trust Pak?
Part of his appeal is that he goes out of his way to give value back to his collectors. Especially small collectors instead of whales.
When he airdropped NFTs to all of his $ASH token holders, he let collectors with just 25 $ASH qualify for the airdrop. A generously low amount aimed to be as inclusive as possible.
He’s breaking records as an Artist in the NFT space, and isn’t one to let his fans down.
Pak isn’t actually new to the game, but he’s massively undiscovered. He’s broken records, but has yet to be understood by much of the crypto community. He’s leading the trend in social games that are built around blockchain mechanics and game theory.
The simple bull thesis is that Pak is a genius creator on the rise that makes it a mission to continuously reward those that participate in their social games.