👩‍🚀"Merge" anonymous creators Pak experimental NFT Drop Sells for almost $92M

🖱️ Nifty Gateway’s PAK'ed It Up and sold more than 266,000 tokens that will be combined to form dynamic NFT collectibles.

Pak an anonymous creator was one of the early stars of the NFT space, as the first artist to earn more than $1 million total from tokenized artwork, and has continued to push the medium with Sotheby’s first NFT auction, experimental drops, and more.

ARTnews @artnews

A Pak NFT project generated $91.8 million this past weekend. The big sale took place not in an auction house but on the online platform Nifty Gateway

artnews.comMysterious Pak NFT Project Generates $91.8 M. in Sales on Nifty Gateway“It didn’t happen at a traditional auction house, it happened on a web3 platform,” the artist said.

Now the mysterious artist has once again single-handedly yielded one of the largest NFT drops to date with Merge.

nos llama @0xNosToca

Stairs of a Lost Kingdom by ⁦@muratpak ⁩ My first “Art” NFT

Launched last week at NFT marketplace Nifty Gateway, Merge is unique in that buyers didn’t purchase the actual NFTs, but paid for “mass” tokens that will be combined to create dynamic, unique NFT collectibles following the token sale.

Pak’s reputation, community and the enigmatic format apparently lured in NFT collectors, as shy of 29,000 total buyers collectively spent more than $91.8 million during the 48 hour token sale. All 266,444 mass tokens were purchased, according to final stats from NiftyGateway.

Existing Pak NFT collectors gained early access to the sale and could purchase tokens for $299 apiece, while the public sale started at $400 per token and increased in $25 intervals every six hours. The last tokens were sold at a price of $575 apiece.

Merge is now the highest-grossing project in Nifty Gateway’s history. The marketplace tweeted on Thursday that more than $70 million worth of mass tokens had been sold within the first few hours of the launch, with more than 20,000 unique users buying within that initial span.

Nifty Gateway @niftygateway

We've officially surpassed $70MM in sales for @muratpak 's Merge collection 🥳. This is the highest grossing collection on NG and we are proud to have over 20k unique accounts participate in the drop so far! 2 more days to go! Happy merging! 🖤🤍

An NFT acts like a deed of ownership to a rare digital item, including illustrations, profile pictures, video files, and more. The market has ballooned over the course of 2021, with NFT collectors have sent at least $26.9 billion worth of cryptocurrency to ERC-721 and ERC-1155 contracts, the two types of Ethereum smart contracts associated with NFT marketplaces and collections.