Pak announces applications for The Merge: receive NFT airdrops, exchange for ASH by burning
"Spend money to buy a dot, or spend more money to buy a bigger dot." This is how NFT artist Pak, who has previously appeared in Sotheby's auctions, succinctly described his latest work "The Merge." Looking back at the article: Is it a battle of capital groups? NFT artist Pak collaborates with Nifty Gateway on a new work: Merge, combining material into a bigger entity.
In this project, whitelisted participants could purchase unlimited "mass" for $299 within half an hour, while the public sale of each "mass" at $400 continued for two days. The unique feature of this artwork is that any quantity of "mass" in the same wallet will aggregate into a single dot, with the size of the dot increasing with more "mass." At the time of writing, the starting price for a "mass" with one dot, m1, is approximately 0.198 ETH, around $786.
Currently, the largest merged "mass" consists of 2691 dots, some with special colors, and is currently priced at 500 ETH for 2691 dots, which would require approximately 533 ETH at the base price. Excluding network transaction fees.
Advertisement - Please scroll down for more content
Table of Contents
The New Use Case for The Merge
On the 23rd, Pak stated that The Merge can generate ASH. Note: Pak's project in the universe, Burn Art, is a platform that burns NFTs to increase scarcity and earn ASH tokens. Holders of The Merge meeting certain criteria can receive random airdropped NFTs through mass.black, which can be destroyed in exchange for ASH.
It is said that the airdrop will take place in the first quarter of 2022.
How will Merge yield $ASH?
You will claim NFTs via https://t.co/7tY1dgweA3 using your m tokens with various drop structures at random times.
All https://t.co/7tY1dgweA3 NFTs may be burned. So, keep them or burn them for $ASH. Up to you.
Some structures (with "examples"): pic.twitter.com/Bcarolw2Y5
— Pak (@muratpak) December 23, 2021
Airdrop Criteria Example
Pak gave examples of eligible individuals who can receive specific NFTs for free:
- Designation: The first 20 to receive m29 tokens
- Trading: Buying m50 can get 1 free NFT, and having m200 can get 4 free NFTs
- Auction: Providing the highest quality collectors can receive unique limited NFTs
- Competition: The fastest-growing quality within a certain period can receive NFTs
Pak had posted many cryptic posts before the announcement of this project. After the release, he said:
“When they need more, it will become less.” The more they need, the scarcer it will become.
Related
- Bitcoin ecosystem: NFT Node Monkey founder criticized for making no contribution to Ordinals
- Film producers and singers sue SEC for excessive regulation of NFTs: Are Taylor Swift concert tickets considered securities?
- NodeMonkes floor price approaching 1 BTC, market value surpassing Bored Ape Yacht Club to become the second largest NFT project