Article hero image

We Discovered the True Identity of the NFT Artist “Pak”

Wealthsimple makes powerful financial tools to help you grow and manage your money. Learn more

This week, a digital artist known as “Pak” auctioned off NFTs at Sotheby’s, accumulating almost $17 million in sales. (Although that doesn’t come close to the $69 million mark set by the artist Beeple in his Christie’s auction a few months ago.) For some, it was proof that the NFT phenomenon is real and world-changing. For others, it was more proof that the NFT market is a frothy blend of FOMO, greed, and crypto mania.

But either way, Pak represents something different. Pak is anonymous. Pak has never indicated whether they’re female, male, or even human. Some people suspected Pak is AI, others that Pak is persona created by a team of designers. In order to find out the truth — and as a way to understand not only NFTs, but blockchain, the art market, and the nature of financial speculation — investigative journalist Alex Palmer set out to try to find the real creator of Pak. Listen, and find out what happens when Pak is confronted with the truth.

This episode of the Wealthsimple Magazine Podcast was hosted by Devin Friedman, reported by Alex Palmer, and produced by Greg Tharp and Alex Lewis; sound editing and design is by John Myers, and the theme music is by Spatial Relations. A special thank you goes to our guests Colborn Bell and Kenny Schachter.

This podcast is produced by Wealthsimple Technologies Inc. and is for informational purposes only. It is not intended to be investment advice or any other kind of professional advice. When you invest, your money is at risk and it is possible that you may lose some or all of your investment.

Wealthsimple uses technology and smart, friendly humans to help you grow and manage your money. Invest, save, trade, and even do your taxes in a better, simpler way.

Money + the World

"BURNOUT HAS BECOME OUR BASE TEMPERATURE. WE’RE THE BURNOUT GENERATION."

Anne Helen Petersen explains how things are different for the generation the world seems to love to hate.

TLDR Newsletter

Business news made simple

Sign up for our weekly non-boring newsletter about money, markets, and more. Sorry, TLDR is currently available in English only.

By providing your email, you are consenting to receive communications from Wealthsimple Media Inc. Visit our Privacy Policy for more info, or contact us at privacy@wealthsimple.com or 80 Spadina Ave., Toronto, ON.

  • Money & the World

    Bonds Are Supposed to Limit Losses When Stocks Are Down. What Happened?

    When stocks fall, bonds typically go up. But for the first time in a (very) long time, that hasn’t been the case.

  • Money & the World

    Why Does Everyone Care About Commodities All of a Sudden?

    The first half of 2022 was tough on most markets. But one type of investment has been having a strong run: commodities. Why is that, exactly? Also, what is that? And can someone who’s not ready to store 50,000 pounds of cattle get involved?

  • Grow your money

    Smart investing tools and personalized advice designed to build long term wealth.

    see-more cta
  • Money & the World

    How to Understand Your Portfolio Performance When Everything is Down

    Here’s how we build our managed portfolios to withstand a downturn. (And, yes, that means some losses are normal.)

  • Money & the World

    Why Do We Think Stock Markets Will Go Up Over Time, Anyway?

    Maybe it's time to talk about how markets work, and why we think they're the best way to invest for the long term. We promise: it's super simple and will make you 17% smarter about money.

Wealthsimple

Grow your money

Smart investing tools and personalized advice designed to build long term wealth.

Get startedright arrow icon
TLDR Newsletter Logo

Sign up for our weekly non-boring newsletter about money, markets, and more. Sorry, TLDR is currently available in English only.

By providing your email, you are consenting to receive communications from Wealthsimple Media Inc. Visit our Privacy Policy for more info, or contact us at privacy@wealthsimple.com or 80 Spadina Ave., Toronto, ON.

The content on this site is produced by Wealthsimple Technologies Inc. and is for informational purposes only. The content is not intended to be investment advice or any other kind of professional advice. Before taking any action based on this content you should consult a professional. We do not endorse any third parties referenced on this site. When you invest, your money is at risk and it is possible that you may lose some or all of your investment. Past performance is not a guarantee of future results. Historical returns, hypothetical returns, expected returns and images included in this content are for illustrative purposes only. By using this website, you accept our (Terms of Use) and (Privacy Policy). Copyright 2023 Wealthsimple Technologies Inc.