In Brief:
- Pak’s LostPoets crossed more than half a billion.
- LostPoets gained roughly $70 million after its release in 48 hours.
- The project made nearly $120 million in secondary market sales.
Pak announced on 25th November about LostPoets crossing more than half a billion via a tweet. He stated that the value would increase each day since it is in Ethereum and one day he may throw it all.
Pak released LostPoets, an NFT collection and strategic game, on September 3rd, 2021. On the same day, all of its 65536 NFTs were sold. Despite the fact that the sale was meant to last 48 hours, all of the NFTs were sold in under two hours, resulting in a profit of roughly $70 million.
Just after its release, by mid September its floor price doubled from 0.32 ETH to 0.72 ETH on OpenSea. The NFT projects sales in the secondary market was $120 million.
The entire LostPoets series consists of 3 phases- “The Birth”, “The Reveal”, and “The Explorer.” He revealed the 3rd phase, “The Explorer” on 9th October and called it ACT III. The project dropped Origin poets, which were free to write whatever they pleased.
