Israeli company CryptoVerses sells Bible verse NFT for $ 8,400
An Israeli company says it sold an NFT – or non-fungible token – encrypted with a Bible verse in Genesis for nearly $ 8,500.
According to CryptoVerses, an Israeli project started earlier this year by Yonatan Bendahan and Yuval Mey-Raz, the verse, Genesis 29:35 – which contains the first Biblical reference to the word Jewish, when Judah was born – was sold for 2.02 Ethereum, in a digital currency transaction equivalent to approximately $ 8,400.
The verse says: “She [Leah] conceived again, and when she gave birth to a son, she said, ‘This time I will praise the Lord.’ So she named him Judah. Then she stopped having children.
The company has not disclosed details of the individual who purchased the NFT.
“The project symbolizes global technological development over thousands of years,” said Bendahan, co-founder of CryptoVerses. “First a biblical text was written on papyrus, then on scrolls of parchment. In the 15th century, with the invention of the printing press, the printing of the Bible as a book began. With the invention of voice recording, audio versions of the Bible began to emerge. When the World Wide Web was launched in 1990, the Bible could be read on the Internet. We are now in the blockchain era and it is an honor for us to be the first to encrypt bible verses on the blockchain and allow everyone to own a non-fungible bible verse token.
CryptoVerses is currently selling NFTs of verses from the first five Bible books, with potential buyers able to search through Bible stories. The company explains that the purchase of such a TVN is “not the ownership of the Biblical content”, but rather like the purchase “of a physical item that includes a Bible verse, such as a locket, where the The buyer becomes the owner of the locket but not the owner of the verse written on it.
NFTs are actually digital certificates of authenticity that can be attached to digital art or, in fact, just about anything that comes in digital form – audio files, video clips, animated stickers, or that item that you read.
NFTs confirm ownership of an item by recording details on a digital ledger known as a blockchain, which is public and stored on computers across the internet, effectively making it impossible to lose or destroy.
The Associated Press contributed to this report.