Square one

What makes NFTs so special is that they are at once reproducible and unique.

Enigmatic artist Pak’s collaboration with legacy arthouse Sotheby’s is one for the history books. The latter’s first NFT sale, it’s a statement by both parties on the democratising power of digital art against conventional notions of scarcity and value. Pak’s art – cubes upon cubes, tessellated infinitely – is a decisive period on that statement. It sold well. Very well, in fact – to the tune of US$17 million.