Absolutely, our beautiful little troll! Now sit back, grab a cup of irish coffee, roll a fatty, and watch the venom pour.
In hush corners, it’s being discussed how uninspiring and copy pasta this drop was. Whenever there is hype going on, you can always count that you will see Pak trying to tap into that vein. No difference in this case.
But let’s look at the numbers first. From a financial standpoint the drop was successful. (at the time of the article some artworks are still being auctioned)
Open editions sold for a total of 898,500$
$500.00 454 editions minted
$500.00 463 editions minted
$5,000.00 88 editions minted
Can anyone please explain any valid argument to our little brains why sense costs 5,000$?
The drop format seems to be a straight-up copy from Beeple but fine-tuned for max yield.
The 1/1 editions were in 2 parts
18 Single editions of still images of parts of the cubes with different minor variations.
The final part is 6 physical paintings with a basic stop motion gif of the artwork being painted ( 5 frames - no animation)
From the NG presentations we can read: "Pak is an omniscient designer/developer/wizard, one of the leads of the design scene as the founder of Undream and one of the prominent social media figures as the creator of Archillect, the synthetic curator. Pak is currently at uncharted space experimenting with new forms of creation and communication, discovering, learning and teaching along the journey.
Trevor Jones is a Scotland based artist. He is undoubtedly one of the leading artists in the crypto art medium. He primarily makes paintings and animates them afterwards. After graduating from Edinburgh University and Edinburgh College of Art in 2008, he set out to constantly innovate. The NFT medium was and is a perfect fit for him. He has pushed the medium so far forward and has been a key artist in our journey towards mainstream adoption."
Here we are reminded who Pak is and why he has to matter. Then some statements about his Jesus-like journey in arts.
Pretty sure experimenting with communication and teaching artists is not calling them incompetent and unable to comprehend your work.
Now Trevor is a good oil painter, he is not a digital artist that pushes boundaries, that would be Beeple. "He primarily makes paintings and animates them afterwards" - Mean the photos of each stage of the painting?
Overall pretty un-inspiring drop aimed at wallets. Was it a financial success for Pak,Trevor and NG? Oh yea, absolutely!
Why did it sell so well? One could argue that it was riding on the afterwave hype of the Beeple drop, where the 969$ open editions resell for 3-5x that now.
A lot of people bought these to flip but the secondary is rather disappointing. This weak secondary response kinda solidifies the argument that the primary sales were mostly for speculation reasons rather than real interest. In addition, some may have bought just to buy the name.
And as always, congratulations to the artists and the collectors.