PAK ATTACK

They are considered one of the most pioneering NFT creators, but their identity is shrouded in mystery. Pak reveals to Tatler how their groundbreaking practice fulfils their intentions and values

By Aaina Bhargava

On December 4, 2021, it was reported that the record for the highest price ever paid for a work by a living artist, set by Jeff Koons’ Rabbit in 2019 at US$91.1 million, had been broken. The new record-holding piece, Merge (2021), had achieved US$91.8 million. But this sale was just the beginning of a controversy. The “artwork” was in fact made up of 266,455 NFTs, each comprising a single dot known as a mass . These variously sized and priced dots were purchased, in varying numbers, by approximately 28,000 buyers within a 48-hour window on the platform Nifty Gateway. Every time a collector bought a new mass, it would merge with those they already owned; further, collectors could sell their mass on to other buyers—leading, potentially, to the formation…

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Tatler Hong Kong (Digital) - 1 Issue, March 2022

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