The Fungible by Pak NFT Prices & Overview
In April of 2021, Murat Pak partnered with Sotheby's on their first-ever NFT collaboration that was sold exclusively on Nifty Gateway. The Fungible collection consists of multiple NFTs that were released over three days.
Fungible Open Editions allowed collectors to purchase as many fungible cubes as they wish during the three day sale period. These cubes could be purchased both individually or in multiples. The cubes available were as follows: A Cube (1), Five Cubes (5), Ten Cubes (10), Twenty Cubes (20), Fifty Cubes (50), Hundred Cubes (100), Five Hundred Cubes (500), Thousand Cubes (1,000).
Another NFT in the collection is titled Complexity. Complexity is a collection of 100 NFTs that was given to the 100 individuals who purchased the most Open Edition cubes by the end of the 3-day drop.
The drop also consisted of an NFT titled The Cube. This was a unique, “one-of-one” NFT that was given to the individual who purchased the most Open Edition cubes by the end of the 3-day drop.
The next NFT in the collection is titled Equilibrium. Equilibrium is an edition of four NFTs that were sent to the collectors that met the four different criteria listed below.
The Cryptographer (#1 of 4): The person that solved a puzzle created by Pak was rewarded one of the four Equilibrium NFTs.
The Hunter (#2 of 4): The collector who acquired any piece of art by Pak from its initial marketplace for the highest amount on the secondary market received one of the four Equilibrium NFTs.
The Influencer (#3 of 4): The individual that posted #PakWasHere to the biggest social media audience received one of the four Equilibrium NFTs.
The Oracle (#4 of 4): The person who most closely estimated the total sale of the entire collection prior to the auction beginning on April 12 received one of the four Equilibrium NFTs.
Another piece of the collection, titled The Builder is a set of 30 NFTs that were given to artists, builders, and creators who have paved the way for Pak and other NFT artists. The recipients were those Pak deemed without whom extraordinary leaps in the evolution of media and art would not have happened.
The sixth NFT in the collection is titled The Switch demonstrates the evolution of artwork in the digital realm. This piece was auctioned off over three days and was sold for a total of $1,444,444 USD.
The seventh and final piece in the collection is an NFT titled The Pixel. It is an NFT visually represented by a single pixel (1x1). The Pixel is a token that signs the most basic unit of a digital image in a traditional global auction house. The NFT was auctioned over a course of three days and sold for a total of $1,355,555 USD.