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Crypto artist PAK launches NFT destruction platform Burn.art and launches ASH token

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Over time, the more NFT is destroyed, the less ASH is produced

On April 13, crypto artist PAK announced the launch of BURNX and NFT destruction platform Burn.art, according to a tweet from PAK. The platform will allow NFT holders to destroy their NFT and receive a token called Ash. Ash has a halving mechanism, that is, as the supply of Ash increases, it becomes more difficult to obtain Ash by destroying NFT, and the available Ash will be halved once for each million Ash produced.

PAK has already destroyed one NFT and obtained 100 ASH, and the feature will soon be available to users. "Ash is the standard token for ERC-20 on the Ethereum network, and destroying NFT on burn.art is currently the only way to earn Ash," Pak said. The exchange ratio between NFT and ASH will be determined by the Bonding Curve of the price and available supply. As time goes by, the more NFT is destroyed, The less Ash is generated, and the more Ash the PAK NFT holder gets for destroying the NFT."

Pak 是一位独特而精致的创作者，也是设计行业的领军人物之一。他是 Undream 的创始人，也是 archilect 的创造者。最近 Pak 每一次发售的加密艺术作品都能在业内引起巨大反响，并且与苏富比及埃隆·马斯克等知名机构、人士有了更多的接触。据律动此前报道， Pak 的作品于 4 月 12 日起在苏富比举行拍卖，为期三天。