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Lost Poets
Lost Poets is a Non-Fungible Token (NFT) collection and a strategy game by Pak, that includes 65536 obtainable NFTs and 1024 Origin NFTs. The project's release is broken down into several stages. [1][9]
Overview
The first installment of the collection began with the sale of "Pages," a single, multi-edition NFT set, each allowing to mint a "Poet," an AI-generated portrait designed by Pak. The price of each page was set at 0.32 ETH during the sale. [8]
Expanding upon Pak's last project, The Fungible collection, the $ASH ecosystem will be in use throughout the duration of the "Lost Poets" project. A snapshot of $ASH holders was taken prior to launch and 7,586 Pages were airdropped to those with 25 or more $ASH in their wallets at the time of the snapshot. [8]
After the sale ended, there was a waiting period of roughly 2 to 3 weeks before a new mechanism was initiated allowing Pages holders to claim their "Poets." Each Page yielded a Poet, meaning the total supply of Poets could be on par with Pages, but some are sure to hold their "Pages," which according to Pak will "always have exchange value." [8]
Mechanism
Every day for a year, a random pair of Origin Poets will be dropped to collectors. Each Origin Poet will only be able to access its own latents during these drops. In other words, holders have a chance to earn Origin tokens for each and every one of their Poets every day.
The value structure of the collection will change when a new mechanism is introduced at the "The Twist" stage of the game.
The Poets
Notable Sales
On September 25, 2021, several Origin NFTs sold for 50 ETH ($146,267) each on OpenSea. [10] [11][12]
Ecosystem
The Burn/$ASH ecology is connected to the Lost Poets collection. Taking into consideration current $ASH holders' balances, 7586 of the 65536 pages are divided to them based on a snapshot made right before the debut of this website.
All Poet NFTs will be included to the Burn.art high tier list and will award $ASH when burned once the project plan is complete.
Roadmap
- <strong>Prologue</strong>: Project Introduction. 48-hour pre-sale countdown starts
- <strong>Act I</strong>: The Sale: 48-hour sale starts. $ASH holders are rewarded.
- <strong>Act II</strong>: The Reveal: Poets NFTs are claimed using Page tokens. Leaderboard Origin NFTs are distributed.
- <strong>Act III</strong>: The Explorer: Collectors understand mechanisms. Some poets are named.
- <strong>Act IV</strong>: the Twist: "Remember, this is a Pak Project. Anything can happen."
- <strong>Epilogue</strong>: The Final form is reached (365 Days). $ASH is enabled for all Poets. [1]
Lost Poets
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