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.

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.

subscribe

Get the best stories from our magazine every month

Sign up for our email newsletter

  • Money & the World

    The Price of Love (Meow!)

    How much will it cost to have a cat — this year, next year, for the rest of its natural-born life? We did some math.

  • Money & the World

    The Price of Love (Woof!)

    How much will it cost to have a dog — this year, next year, for the rest of its natural born life? We did some maths.

  • WEALTHSIMPLE INVEST

    Wealthsimple is investing on autopilot

    Powerful financial tools to help you grow and manage your money.

    see-more cta
  • Money & the World

    A Money Conversation with Insurgent Presidential Candidate Andrew Yang

    Yang’s candidacy has taken off in a way almost no one predicted. And at the center of it is an unconventional economic idea: universal basic income.

  • Money & the World

    Dumb Questions for Smart People: Ep. 1: How Hedge Funds Warp Our World

    Sheelah Kolhatkar — the New Yorker staff writer and author of “Black Edge” — explains billionaires, insider trading, and how hedge funds affect everyone.

WEALTHSIMPLE INVEST

Wealthsimple is investing on autopilot

Powerful financial tools to help you grow and manage your money.

full cta

Our best stories, once a month.

Sign up for our newsletter

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 2020 Wealthsimple Technologies Inc.

;