NFT

Capital Group Battle? NFT artist Pak collaborates with Nifty Gateway to launch new work: Merge, together pushing the boundaries of materiality

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Capital Group Battle? NFT artist Pak collaborates with Nifty Gateway to launch new work: Merge, together pushing the boundaries of materiality

Digital artist Pak, who has previously held auctions at Sotheby's, launched a mysterious new experiment called "Merge" on Nifty Gateway on December 3rd. Merge

How to Play Merge: 48 Hours Where You Can Buy as Much as You Want

Schedule in Taiwan Time GMT+8:

  • December 3, 7:00-7:30 AM Owners of Pak's ERC-721 works can purchase at a priority price of 299 USD
  • December 3, 7:30 AM onwards Public sale starts at 400 USD, increasing by 25 USD every six hours
  • December 5, 7:30 AM End of sale

During this period, unlimited purchases of the public release version are allowed, with buyers reportedly acquiring "accumulated mass." NFTs will only be minted after the sale ends.

Merge Mechanism: Aggregating All Matter

This project has a built-in scarcity mechanism ensuring a decreasing supply over time. Each "Mass" will aggregate with the "Mass" in a single wallet, increasing the value of the accumulated mass and becoming a single token. For example, when "matter with 100 Mass" is combined with "matter with 20 Mass," it becomes "matter with 120 Mass."

On-Chain Dynamic NFTs: Growing Bigger as You Roll

The more matter you buy, which can include any amount of Mass, the larger your NFT will visually appear. These images are not stored via external network hosts but are entirely generated through smart contracts. These images can also be customized in the future and come in 100 secret types.

Can It be Burned into ASH?

The Burn Art project in the Pak Universe allows NFT burning to increase scarcity and earn ASH tokens. There is no initial supply of tokens, and burning Pak's works can earn more ASH. Burning into ASH can be done three weeks after the end of the Merge issuance. At the time of writing, ASH surged over 30%.

Reward Mechanism for the Wealthy

  • During the issuance, the more Mass you buy, the more bonus rewards your matter can receive. Owning 10 to the power of N Mass will receive an N/10 Mass bonus reward.
  • The first place, top five, top one hundred, and 50 randomly aggregated materials will receive special colors.
  • Aggregating materials with different Mass quantities will have images corresponding to their size.

The Idea Behind the Merge Project

Pak chose Nifty Gateway with a specific purpose as operated by the U.S. exchange Gemini to make it inclusive. Nifty Gateway offers various payment methods: depositing ETH, credit cards, Gemini/Stripe accounts. This is believed to make it easier for new collectors who may not have time to understand NFTs, wallets, and cryptocurrencies to participate directly.

Additionally, since Merge is designed such that larger matter offers more benefits, it is likely to incentivize the formation of decentralized autonomous organizations (DAOs) to collaborate for maximum gains. Lower-tier Mass can choose to join different DAOs, and if unable to participate in cooperation, they may opt for Burn Art destruction to exchange for ASH and convert value.

Pak has previously said, "JUST DAO IT."

Warning: Such projects are experimental NFTs; please exercise caution and risk management.