World Wide Web source code sells for $ 5.4 million as NFT
TThe original source code for the World Wide Web sold for $ 5.4 million on Wednesday TVN at Sotheby’s Auction in London.
NFTs, or non-fungible tokens, are pieces of data hosted on digital ledgers called blockchains that certify that the asset represented by the data is unique. World Wide Web inventor Tim Berners-Lee himself auctioned off the code.
“The process of bringing this TVN auction gave me the opportunity to step back in time to when I first sat down to write this code thirty years ago, and reflect on how far the web has come since then, and where it could go in decades to come, ”Berners-Lee mentionned.
TIM BERNERS-LEE TO SELL A WEB CODE WORLDWIDE AT SOTHEBY’S NFT AUCTION
Founded in England in 1744, Sotheby’s functions as a market for the world’s most expensive works of art. Many tech-savvy buyers and sellers have started selling fine art in the form of NFTs. This sale represents the first time that such an item has been purchased at a Sotheby’s auction.
This unique auction marked the first time that a digitally born artifact has ever been offered for sale at Sotheby’s, and it must be the ultimate example of the genre – one struck by Sir Tim himself, a legend in the digital realm and beyond, which concerns the most important invention of our time, “said Cassandra Hatton, vice president of Sotheby’s.
The NFT is made up of four elements, including the original time-stamped files of the 9,555 lines of coded written by Berners-Lee in 1989, as well as their animated visualization.
The buyer, who has not been identified by Sotheby’s, also took home a letter from Berners-Lee in which he reflects on the code and a digital poster he created.
The auction for the item opened on June 23, with a starting price of $ 1,000. Seven days and 51 offers later, the NFT sold for $ 5.4 million.
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Proceeds from the sale will benefit initiatives supported by the Berners-Lee family.